Supported by pick up in demand at the domestic spot market and restricted supplies from producing regions, chana prices moved up by 1.30 per cent to Rs 6,063 per quintal in futures trading today as speculators built up fresh positions.
Expectations of lower output also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in current month rose by Rs 78, or 1.30 per cent, to Rs 6,063 per quintal with an open interest of 4340 lots.
Similarly, the commodity for delivery in far-month July contracts traded higher by Rs 70, or 1.15 per cent, to Rs 6,134 per quintal in 14,070 lots.
Analysts attributed the rise in chana prices to upsurge in demand in the spot market against restricted supplies from producing regions.
