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Chana futures rise as demand picks up

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Press Trust of India New Delhi

Chana prices rose by Rs 17 to Rs 2,480 per quintal in futures trade today on improved demand in the spot market against less arrival from producing regions.

At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 17, or 0.69% to Rs 2,480 per quintal with an open interest of 190,430 lots.

Similarly, the commodity for delivery in May gained Rs 16, or 0.67% to Rs 2,399 per quintal in 36,610 lots.

Traders attributed the rise in chana futures to pick-up in demand in the spot market against decline in arrivals from the producing belts.

 

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First Published: May 19 2011 | 2:25 PM IST

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