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Chana futures remain up on rising demand, lower output hopes

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Press Trust of India New Delhi
Last Updated : Jun 09 2015 | 6:28 PM IST
Chana prices rose by 0.74 per cent to Rs 4,645 per quintal in futures trade today, triggered by rising demand in the spot market amid lower output estimates.
At the National Commodity and Derivatives Exchange, chana for delivery in June gained Rs 34, or 0.74 per cent to Rs 4,645 per quintal with an open interest of 21,380 lots.
Similarly, the commodity for delivery in July contracts traded higher by Rs 24, or 0.51 per cent to Rs 4,709 per quintal in 1,69,600 lots.
Analysts said, besides rising demand in the spot market, estimates of lower output from major producing belts, mainly kept chana prices higher at futures trade.

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First Published: Jun 09 2015 | 6:28 PM IST

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