Amid uptick in demand at domestic spot market against restricted supplies from producing belts, chana prices traded higher by 2.9 per cent to Rs 4,753 per quintal in futures trade today as participants created fresh positions.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 134, or 2.9 per cent, to Rs 4,753 per quintal with an open interest of 25,450 lots.
Similarly, the commodity for delivery in January contracts was trading higher by Rs 129, or 2.8 per cent, to Rs 4,730 per quintal in 64,860 lots.
Analysts attributed the rise in chana prices futures to pick up in demand in the spot markets against restricted supplies from the producing regions.