Chana gains 0.5% as demand picks up
However, reports of record output restricted the gains
 "Chana gains 0.5% as demand picks up")
Chana prices rose by 0.50% to Rs 3,405 per quintal in futures trading today mostly supported by rising demand in the spot market.
However, reports of record output this season restricted the gains.
At the National Commodity and Derivatives Exchange (NCDEX), the June contract rose by Rs 17, or 0.50% to Rs 3,405 per quintal in 1,43,600 lots.
Market analysts said increased speculative position created by participants on the back of firm demand in the spot markets, mainly influenced chana futures here.
However, reports of record output this season restricted the gains.
At the National Commodity and Derivatives Exchange (NCDEX), the June contract rose by Rs 17, or 0.50% to Rs 3,405 per quintal in 1,43,600 lots.
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The July contract moved up by Rs 17, or 0.49% to Rs 3,482 per quintal in 62,660 lots.
Market analysts said increased speculative position created by participants on the back of firm demand in the spot markets, mainly influenced chana futures here.