Chana prices were higher by 1.34 per cent to Rs 6,268 per quintal in futures market today as speculators engaged in building up positions, driven by rising demand in the spot market against tight supply. At the National Commodity and Derivatives Exchange, chana for delivery in September shot up by Rs 83, or 1.34 per cent to Rs 6,268 per quintal with an open interest of 1,130 lots. In a similar fashion, the commodity for delivery in October contracts went up by Rs 52, or 0.83 per cent to Rs 6,300 per quintal in 35,540 lots. Analysts said widening of positions by traders on the back of surging demand in the physical market against tight stocks position on fall in arrivals from producing regions mainly kept chana prices higher at futures trade.
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