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Chana futures up on spot demand

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Press Trust of India New Delhi

Chana futures prices rose by Rs 16 to Rs 2,885 per quintal in futures trade today, tracking firming trend at the spot markets on rising demand.

Lower arrivals from producing regions also supported the uptrend.

At the National Commodity and derivative Exchange, chana for delivery in July rose by Rs 16, or 0.56%, to Rs 2,885 per quintal, with an open interest of 61,590 lots.

The August contract gained Rs 14, or 0.47%, to Rs 2,969 per quintal, with a trade volume of 2,88,770 lots.

Traders said pick-up in spot market demand against less arrivals from producing regions mainly led to the rise in chana futures prices.

 

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First Published: Jul 13 2011 | 1:02 PM IST

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