Chana prices rose further by Rs 17 to Rs 2,330 per quintal in futures trade today as speculators enlarged their positions, supported by rising demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 17, or 0.73% to Rs 2,330 per quintal, with an open interest of 89,770 lots.
Chana for delivery in July advanced by Rs 15, or 0.61% to Rs 2,476 per quintal, with open interest of 74,040 lots.
Similarly, the commodity for delivery in June gained Rs 12, or 0.50% to Rs 2,406 per quintal, with an open interest of 1,41,860 lots.
Analysts attributed the rise in chana prices to rising demand in the spot market due to ongoing marriage season in tandem with low stocks.
