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Chana up 0.1% on rising demand

Commodity for delivery in June contract edged up by 0.07%

Press Trust of India New Delhi
Amid rising domestic demand and restricted arrivals from producing regions, chana prices rose for the third-day by adding 0.10% to Rs 2,921 per quintal in futures trade today as speculators enlarged positions.

At the National Commodity and Derivatives Exchange, chana for delivery in July added another Rs 3, or 0.10% to Rs 2,921 per quintal with an open interest of 1,16,670 lots.

Similarly, the commodity for delivery in June contract edged up by Rs 2, or 0.07% to Rs 2,857 per quintal in 76,060 lots.

Analysts said speculators said apart from a firming trend at spot market on rising demand, restricted arrivals from producing regions also influenced chana prices at futures trade.

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First Published: Jun 05 2014 | 3:16 PM IST

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