Business Standard

Chana up 1.1% on good demand

Commodity for delivery in July increased by 1.11%

Press Trust of India New Delhi
Chana prices rose by 1.17% to Rs 2,855 per quintal in futures trade today as traders enlarged their holdings driven by rising demand in spot markets.

At the National Commodity and Derivatives Exchange, chana for June delivery rose by Rs 33, or 1.17%, to Rs 2,855 per quintal, with an open interest for 92,170 lots.

Similarly, chana for delivery in July increased by Rs 32, or 1.11%, to Rs 2,918 per quintal, with an open interest of 1,08,490 lots.

Traders said the rise in chana prices at futures trade was mostly on the back of fresh positions created by speculators supported by rising demand in the spot markets.

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First Published: May 30 2014 | 1:48 PM IST

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