Chana prices rose 0.39 per cent to Rs 4,657 per quintal in futures trading Friday as speculators created huge positions, supported by soaring demand from dal mills at the spot market.
Chana for December was trading higher by Rs 18, or 0.39 per cent, to Rs 4,657 per quintal with an open interest of 23,400 lots at the National Commodity and Derivatives Exchange.
Similarly, the commodity for January gained Rs 22, or 0.63 per cent, to quote at Rs 4,662 per quintal in 4,800 lots.
Analysts attributed the rise in chana prices in futures trade to widening of positions by speculators, tracking a firm trend at the domestic spot market on strong demand from dal mills.
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