Chana prices spurted by 2.34 per cent to Rs 5,503 per quintal in futures trading today as traders built up fresh positions, tracking a firm trend at spot market on strong demand from dal mills amid pause in supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in September shot up by Rs 126, or 2.34 per cent, to Rs 5,503 per quintal, with an open interest of 17,340 lots.
Similarly, the commodity for delivery in far-month October was trading higher by Rs 112, or 2.11 per cent, to Rs 5,411 per quintal in 12,920 lots.
Analysts attributed the sharp rise in chana prices in futures trade to fresh positions created by participants, tracking a firm trend at the domestic spot market on strong demand.
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