Surge in demand lifts chana futures by 2.16%

Chana prices went up by 2.16 per cent to Rs 4,922 per quintal in futures market today as traders built up fresh positions amid uptick in demand at the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in September climbed Rs 104, or 2.16 per cent, to Rs 4,922 per quintal with an open interest of 14,800 lots.
Similarly, the commodity for delivery in October contracts firmed up by Rs 97, or 2.02 per cent, to Rs 4,903 per quintal in 8,690 lots.
Analysts attributed the sharp rise in chana prices in futures trade to fresh positions created by speculators, driven by pick-up in demand in the spot market amid pause in supplies from producing regions.