 "Chana gains by 0.7% on surging demand")
Rising demand and expectations of a lower output pushed up chana prices further 0.70% to Rs 3,892 per quintal in futures market today as speculators widened their positions.
At National Commodity and Derivatives Exchange (NCDEX), chana for delivery in April advanced Rs 27, or 0.70%, to Rs 3,892 per quintal with an open interest of 67,470 lots.
Similarly, the commodity for delivery in May traded higher by Rs 9, or 0.23%, at Rs 3,872 per quintal in 1,47,270 lots.
Analysts said besides rising demand in the spot market, hopes of a lower output due to unseasonal rains in growing regions put upward pressure on chana prices at the futures trade.
At National Commodity and Derivatives Exchange (NCDEX), chana for delivery in April advanced Rs 27, or 0.70%, to Rs 3,892 per quintal with an open interest of 67,470 lots.
Similarly, the commodity for delivery in May traded higher by Rs 9, or 0.23%, at Rs 3,872 per quintal in 1,47,270 lots.
Analysts said besides rising demand in the spot market, hopes of a lower output due to unseasonal rains in growing regions put upward pressure on chana prices at the futures trade.