Rising demand lifts chana futures by 0.78%

Chana prices climbed 0.78 per cent to Rs 5,456 per quintal in futures trading today as participants indulged in creating fresh positions after pick up in demand in the spot market amid restricted supplies from producing belts.
However, some gains were capped after the government's measures to check rising prices.
At the National Commodity and Derivatives Exchange, chana for delivery in May month was trading higher by Rs 42, or 0.78 per cent to Rs 5,456 per quintal with an open interest of 10,640 lots.
On similar lines, the commodity for delivery in June month contracts edged up by Rs 37, or 0.67 per cent to Rs 5,570 per quintal in 14,430 lots.

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