Chana prices rose by Rs 73 to Rs 4,870 per quintal in futures trade today as speculators enlarged positions, driven by tight supplies in the spot market amid rising demand.
At the National Commodity Derivatives Exchange, chana for delivery in September rose by Rs 73, or 1.52%, to Rs 4,870 per quintal, with an open interest of 71,980 lots.
August chana gained Rs 63, or 1.34%, to Rs 4,755 per quintal, with an open interest of 42,460 lots.
Marketmen said speculative positions created by participants following tight supplies in the spot market amid deficient rains in key growing areas led to the rise in chana futures prices.
