Chana futures prices today remained firm, rising over 1% to Rs 4,879 per quintal as speculators enlarged positions.
The rise was triggered by reports voicing concerns over a fall in commodity production this season due to weak rainfall in key growing areas.
Pick up in domestic demand supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in September gained Rs 49, or 1.01%, to Rs 4,879 per quintal, with an open interest of 88,160 lots.
August chana traded higher by Rs 46, or 0.97%, to Rs 4,766 per quintal in 31,760 lots.
Market analysts said besides the rising demand in view of festive season, reports of a likely decline in production due to deficient monsoon in key growing areas, led to an upswing in chana prices at futures market.
