Chana rises by 0.8% as demand picks up

Chana prices rose by Rs 25 to Rs 3,179 per quintal in futures trading today as speculators indulged in creating positions, driven by pick up in demand in the spot market.

 

At the National Commodity and Derivatives Exchange, chana for delivery in October rose by Rs 25, or 0.79% to Rs 3,179 per quintal with an open interest of 114020 lots.

 

Similarly, the commodity for delivery in September traded higher by Rs 15, or 0.48% to Rs 3,109 per quintal in 78,190 lots.

 

Traders said speculators indulged in creating positions, driven by pick up in demand in the spot market, mainly led to rise in chana prices at futures trade.