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Chana prices rose by 1.56% to Rs 3,320 per quintal in futures trade today as speculators enlarged their holdings on account of good demand in spot markets amid limited supplies from producing belts.
At the National Commodity and Derivatives Exchange, chana for April delivery rose by Rs 51, or 1.56%, to Rs 3,320 per quintal, with an open interest for 87,080 lots.
Similarly, chana for delivery in May increased by Rs 40, or 1.20%, to Rs 3,359 per quintal, with an open interest of 39,260 lots.
Market analysts said besides good demand, reports of damage to crop due to recent rains in growing regions, particularly Madhya Pradesh, influenced chana prices in futures trade.
