Chana prices traded slightly higher today, by Rs 6 to Rs 3,804 per quintal in futures trade as speculators created fresh positions, driven by a rise in demand in the spot market.
Expectations of fall in output in the current year also supported the uptrend in chana prices. At the National Commodity Derivatives Exchange, chana for delivery in May gained Rs 6, or 0.16%, to Rs 3,804 per quintal with an open interest of 3,807 lots.
The April contract added Rs 5, or 0.14%, to Rs 3,675 per quintal in 22,870 lots.
Analysts said fresh buying by speculators on the back of a rise in demand in the spot market and reports of a fall in output this year mainly helped chana prices to trade marginally higher at futures trade.
