Chana prices rose 1.86 per cent to Rs 4,225 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.
At the National Commodity and Derivatives Exchange, chana for delivery this month was trading Rs 77, or 1.86 per cent, higher at Rs 4,225 per quintal with an open interest of 460 lots.
Likewise, the commodity for delivery in August gained Rs 44 or 1.04 per cent, to Rs 4,255 per quintal in 75,250 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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