Chana prices rose by 1 per cent to Rs 4,238 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills at the spot markets.
Besides, tight stocks positions following a drop in arrivals from producing regions also contributed to the rise in chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery this month was trading higher by Rs 42, or 1 per cent, to Rs 4,238 per quintal with an open interest of 44,280 lots.
Likewise, the commodity for delivery in September gained Rs 42, or 0.99 per cent, to Rs 4,268 per quintal in 70,580 lots.
Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from the producing regions.
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