Chana stage rebound to trade higher by 0.83 per cent at Rs 5,464 per quintal in futures trade today as participants indulged in creating fresh positions after pick up in demand in the spot market amid restricted supplies from producing belts.
Expectations of lower output from the major producing regions supported the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in far-month June rose by Rs 45, or 0.83 per cent to Rs 5,464 per quintal with an open interest of 11,560 lots.
Likewise, the commodity for delivery in May traded higher by Rs 41, or 0.77 per cent to Rs 5,371 per quintal in 25,610 lots.
Analysts said besides pick up in demand in the spot market, restricted supplies from producing belts mainly led to the recovery in chana prices at futures trade.
