Chana up by 0.82% on rising demand

Chana prices rose 0.82 per cent to

Rs 3,379 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, too, fuelled the up trend.

At the National Commodity and Derivatives Exchange, chana for delivery this month is ruling Rs 28 higher, or 0.82 per cent at Rs 3,379 per quintal with an open interest of 97,010 lots.

Likewise, the commodity for delivery in July gained Rs 27,

or 0.78 per cent, to Rs 3,430 per quintal in 20,740 lots.

Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from the producing regions.