Chana prices rose 2.73 per cent to Rs 4,211 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market.
Besides, tight stocks positions following drop in arrivals from producing regions, too, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in August contract is ruling Rs 112 higher, or 2.73 per cent, at Rs 4,211 per quintal with an open interest of 59,070 lots.
Likewise, the commodity for delivery in September gained Rs 85, or 2.07 per cent, to Rs 4,177 per quintal in 59,230 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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