Chana prices rose by Rs 33 to Rs 4,705 per quintal in futures trade today, on hopes of a pick up in domestic buying from millers and retailers ahead of festive season amid thin supplies.
Fresh enquiries by millers at lower levels and a fall in supply from the producing regions of Rajasthan and Gujarat supported the uptrend in futures trade.
At the National Commodity and Derivatives Exchange, chana for September delivery rose by Rs 33, or 0.71%, to Rs 4,705 per quintal, with an open interest for 31,550 lots.
October chana rose by Rs 29, or 0.61%, to Rs 4,789 per quintal, with an open interest for 90,660 lots.
Traders said speculators increased their holdings on hopes of a rise in spot market demand, pushing up chana futures prices.
