Rising demand lifts chana futures 1.74 pc

Chana prices went up by 1.74 per cent to Rs 5,260 per quintal in futures trade today as participants enlarged positions, driven by rising demand from dal mills at the spot market.
Besides, tight stocks position following drop in arrivals from producing belts too fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in October advanced by Rs 90, or 1.74 per cent, to Rs 5,260 per quintal, with an open interest of 12,780 lots.
Similarly, the commodity for delivery in September edged up by Rs 78, or 1.48 per cent, to Rs 5,314 per quintal in 18,530 lots.

Analysts attributed the rise in chana prices to surging demand at the spot market against restricted supplies from producing regions.