Chana prices up by 3.8% on pick up in spot demand

Restricted supplies from producing belts also affected prices

Supported by pick up in domestic demand against restricted supplies from producing belts, chana prices were up by 3.85% to Rs 4,232 per quintal in futures trade today as participants built up fresh positions.

At the National Commodity and Derivatives Exchange, chana for delivery in April rose Rs 157 or 3.85% to Rs 4,232 per quintal with an open interest of 27,630 lots.

Likewise, the commodity for delivery in May traded higher by Rs 155 or 3.75% to Rs 4,283 per quintal in 9,480 lots.

Analysts attributed rise in chana prices to pick up in demand in the spot market against restricted supplies from producing belts.