Chana prices surged by 2.46 per cent to Rs 7,080 per quintal in futures trading today as participants widened positions, tracking rising demand in the spot market amid tight stocks position.
At the National Commodity and Derivatives Exchange, chana for delivery in July shot up by Rs 170 or 2.46 per cent to Rs 7,080 per quintal with an open interest of 13,520 lots.
On similar lines, the commodity for delivery in June contracts traded higher by Rs 87 or 1.26 per cent to Rs 7,008 per quintal in 310 lots.
Analysts said besides upsurge in demand in the spot market, tight stocks position on fall in supplies from producing belts mainly pushed up chana prices at futures trade.
