Chana prices rose by Rs 80 to Rs 4,478 per quintal in futures trade today as speculators enlarged their holdings following rising demand in the market.
Restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.
At the National Commodity and Derivatives Exchange, the November contract rose by Rs 80, or 1.82%, to Rs 4,478 per quintal, with an open interest for 57,860 lots.
The October contract increased by Rs 46, or 1%, to Rs 4,640 per quintal, with an open interest for 59,790 lots.
Traders said speculators increased their holdings on hopes of a rise in spot market demand due to festive season, which mainly pushed up chana prices.
They said enquiries by millers at lower levels amid fall in supply from the producing regions of Rajasthan and Gujarat further supported the uptrend in futures trade.
