Chana futures up 1.01 pc on good demand

Chana prices rose by 1.01 per cent to Rs 3,013 per quintal in futures trade today as traders enlarged their holdings on account of the good demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for April delivery rose by Rs 30, or 1.01 per cent, to Rs 3,013 per quintal, with an open interest for 72,810 lots.
Similarly, chana for delivery in February increased by Rs 17, or 0.60 per cent, to Rs 2,832 per quintal, with an open interest of 52,310 lots.
Traders said speculators increasing their holdings on hopes of a rise in spot market demand due to marriage season, mainly pushed up chana prices.

They said enquiries by millers at lower levels against fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend.