Chana extended its gains in the futures market today, with prices rising further by Rs 50 to Rs 4,923 per quintal as speculators created positions amid thin supplies.
Deficient rains in key growing regions also pushed up prices.
At the National Commodity and Derivatives Exchange, chana for delivery in September added Rs 50, or 1.03%, to Rs 4,923 per quintal, with an open interest of 78,640 lots.
August chana gained Rs 44, or 0.92%, to Rs 4,807 per quintal in 35,320 lots.
Market analysts said besides the rising demand in view of festive season, thin supplies and a likely decline in production due to weak rainfall in key growing areas, kept chana futures higher.
