Chana prices rose by Rs 6 to Rs 3,110 per quintal in futures trading today as speculators enlarged their positions, driven by pick-up in spot market demand for the ongoing festive season.
At the National Commodity and derivative Exchange, chana for September delivery traded higher by Rs 6, or 0.19%, to Rs 3,110 per quintal, with an open interest of 356,320 lots.
Similarly, the commodity for August delivery inched up by Rs 2, or 0.07%, to Rs 3,010 per quintal, with an open interest of 17,680 lots.
Traders attributed the rise in chana futures prices to increasing of positions by speculators, influenced by rising demand in the spot markets for the ongoing festive season.
