Chana prices rose by 1.03 per cent to Rs 3,440 per quintal in futures trade today as participants created fresh positions amid rising demand from dal mills at the spot market.
Besides, tight stock positions following drop in arrivals from producing regions also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for this month is trading higher by Rs 35 per quintal, or 1.03 per cent, at Rs 3,440 per quintal with an open interest of 10,060 lots.
Likewise, the commodity for delivery in July gained Rs 22, or 0.63 per cent, to Rs 3,487 per quintal in 1,04,420 lots.
Analysts attributed the rise in chana prices to surging demand at the spot market against restricted supplies from producing regions.
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