Chana prices rose 1.69 per cent to Rs 3,539 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market.
Besides, tight stock positions following drop in arrivals from producing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for this month is ruling at Rs 59 a quintal higher, or 1.69 per cent at Rs 3,539 per quintal with an open interest of 71,810 lots.
Likewise, the commodity for delivery in June gained Rs 59, or 1.68 per cent, to Rs 3,553 per quintal in 60,760 lots.
Analysts attributed the rise in chana prices to surging demand in the spot market against restricted supplies from producing regions.
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