Chana prices rose 3.68 per cent to Rs 4,169 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market.
Besides, tight stocks positions following drop in arrivals from producing regions, too, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in August contract is ruling Rs 148 higher, or 3.68 per cent, at Rs 4,169 per quintal with an open interest of 82,980 lots.
Likewise, the commodity for delivery in September gained Rs 140, or 3.45 per cent, to Rs 4,193 per quintal in 29,620 lots.
Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from the producing regions.
Disclaimer: No Business Standard Journalist was involved in creation of this content