Business Standard

Chana futures rise on low buying

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Press Trust of India New Delhi

Chana prices rose by Rs 18, or 0.84 per cent, to Rs 2,158 per quintal in futures trading today on fresh buying at existing levels supported by spot demand.

Restricted arrivals from producing belts also influenced the trading sentiment. At the National Commodity and Derivatives Exchange counter, chana for May contract rose by Rs 18, or 0.84 per cent, to Rs 2,158 per quintal with an open interest of 39,600 lots.

The commodity for delivery in June contract also moved up by Rs 13, or 0.59 per cent, to Rs 2,211 per quintal in 1,22,320 lots.

Marketmen said emergence of buying at existing level supported by a pick up in spot demand mainly led to the rise in chana prices at futures trade.

 

However, estimates of higher output restricted the gains to some extent, they said.

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First Published: May 19 2010 | 1:40 PM IST

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