Chana prices rose by Rs 12 to Rs 2,689 per quintal in futures trade today as speculators enlarged their positions on expectations of a rise in domestic demand.
Restricted arrivals from the producing region of Rajasthan and Madhya Pradesh further supported the uptrend in futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in August rose by Rs 12, or 0.45% to Rs 2,689 per quintal, with an open interest of 2,668 lots.
Similarly, the chana for July delivery gained Rs 11, or 0.42% to Rs 2,623 per quintal, with an open interest of 2,602 lots.
The chana prices for June delivery also rose by Rs 10, or 0.39% to Rs 2,546 per quintal in 1,20,480 lots.
Traders said speculators increased their positions on hopes of a rise in demand in the spot market, which pushed up the chana prices in futures trade.
