Chana prices strengthened by 0.55 per cent to Rs 3,989 per quintal in futures trade today as participants widened positions, driven by firm demand from dal mills in the spot market.
Besides, tight stocks positions due to fall in arrivals from producing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in September rose by Rs 22, or 0.55 per cent to Rs 3,989 per quintal with an open interest of 61,950 lots.
On similar lines, the commodity for delivery in October gained Rs 21, or 0.52 per cent to Rs 4,092 per quintal in 28,850 lots.
Analysts attributed the rise in chana prices to surging demand in the spot markets against tight stocks position on restricted supplies from the producing regions.
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