 "Chana up 0.6% on rising demand")
Chana prices moved up by 0.60% to Rs 3340 per quintal in futures trading today as speculators enlarged their positions, driven by rising demand in the spot market against tight supplies from producing regions.
At the National Commodity and Derivatives Exchange, chana for delivery in April moved up by Rs 20, or 0.60% to Rs 3,340 per quintal with an open interest of 95,430 lots.
Similarly, the commodity for delivery in May contract gained Rs 17, or 0.51% to Rs 3382 per quintal in 39690 lots.
Analysts said apart from rising demand in the spot market, limited arrivals from growing regions following reports of damage to crop due to recent rains in growing regions, particularly Madhya Pradesh, led to rise in chana prices at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in April moved up by Rs 20, or 0.60% to Rs 3,340 per quintal with an open interest of 95,430 lots.
Similarly, the commodity for delivery in May contract gained Rs 17, or 0.51% to Rs 3382 per quintal in 39690 lots.
Analysts said apart from rising demand in the spot market, limited arrivals from growing regions following reports of damage to crop due to recent rains in growing regions, particularly Madhya Pradesh, led to rise in chana prices at futures trade.