Chana prices traded slightly higher today, by Rs 6 to Rs 3,804 per quintal in futures trade as speculators created fresh positions, driven by a rise in demand in the spot market.
Expectations of fall in output in the current year also supported the uptrend in chana prices. At the National Commodity Derivatives Exchange, chana for delivery in May gained Rs 6, or 0.16%, to Rs 3,804 per quintal with an open interest of 3,807 lots.
The April contract added Rs 5, or 0.14%, to Rs 3,675 per quintal in 22,870 lots.
Analysts said fresh buying by speculators on the back of a rise in demand in the spot market and reports of a fall in output this year mainly helped chana prices to trade marginally higher at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app