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Chana up 1% as demand picks up

Commodity for delivery in April traded higher by 0.47%

Press Trust of India New Delhi
Chana prices rose by 1.06% to Rs 2,858 per quintal in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand.

At the National Commodity and Derivatives Exchange, chana for delivery in February rose by Rs 30, or 1.06% to Rs 2,858 per quintal with an open interest of 37,230 lots.

Similarly, the commodity for delivery in April traded higher by Rs 14, or 0.47% to Rs 3,004 per quintal in 81,950 lots.

Analysts attributed rise in chana prices at futuers trade to fresh positions created by speculators driven by rising demand at spot markets.

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First Published: Feb 10 2014 | 1:18 PM IST

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