Chana prices rose by Rs 55 to Rs 4,660 per quintal in futures trade today as the traders enlarged their holdings in the commodity, tracking firm cues from spot markets on festive demand.
Restricted arrivals of the commodity in the spot markets due to lower estimated output also influenced the chana prices.
Strong millers' offtake ahead of upcoming festival demand also supported the uptrend.
At the National Commodity and Derivatives Exchange, the November contract for chana rose by Rs 55, or 1.19%, to Rs 4,660 per quintal, with an open interest for 70,020 lots.
The December contract rose by Rs 38, or 0.86%, to Rs 4,418 per quintal, with an open interest for 78,210 lots.
