Buoyed by lower output estimates due to unseasonal in key growing regions, chana prices rose further by 0.39 per cent to Rs 4,629 per quintal in futures market today as speculators indulged in enlarging positions.
Furthermore, rising demand in the spot market fuelled the uptrend.
At National Commodity and Derivatives Exchange, chana for delivery in June month gained Rs 18, or 0.39 per cent to Rs 4,629 per quintal with an open interest of 1,18,430 lots.
In a similar fashion, the commodity for delivery in May contracts traded higher by Rs 12, or 0.26 per cent to Rs 4,557 per quintal in 4,700 lots.
Analysts said besides reports of lower output estimates due to unseasonal rains in key producing areas, rising demand in the spot market mainly led to the rise in chana prices at futures trade.
