Chana prices rose by Rs 7 to Rs 2,850 per quintal in futures trade today on speculators enlarging their positions on expectations of a rise in demand in the domestic market.
Restricted arrivals from producing region of Rajasthan and Gujarat further supported the uptrend in the prices.
At the National Commodity and Derivatives Exchange, July contract for chana rose by Rs 7, or 0.25%, to Rs 2,850 per quintal, with an open interest of 1,42,190 lots. Similarly, August contract for chana traded Rs 7, or 0.24%, higher to Rs 2,931 per quintal, with an open interest of 2,53,820 lots.
Chana prices for September delivery rose by Rs 6, or 0.20%, to Rs 2,998 per quintal in 33,460 lots.
Traders said increasing of positions by speculators on hopes of a rise in spot market demand mainly pushed up chana prices in futures trade.
