 "Chana up 0.7% on high buying activity")
Chana prices rose by Rs 21 to Rs 3,015 per quintal in futures trade today as traders enlarged their holdings on account of good demand in the spot market.
However, significant stocks and reports of conducive weather for sowing amid adequate soil moisture restricted the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 21, or 0.70%, to Rs 3,015 per quintal, with an open interest of 2,610 lots.
Traders said fresh enquiries from millers at lower levels is supporting the upside in prices, but it is unlikely to sustain the uptrend because sowing is progressing well in the leading cultivating states.
However, significant stocks and reports of conducive weather for sowing amid adequate soil moisture restricted the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in November rose by Rs 21, or 0.70%, to Rs 3,015 per quintal, with an open interest of 2,610 lots.
Also Read
Similarly, chana prices for delivery in December went higher by Rs 12, or 0.38%, to Rs 3,145 per quintal, with an open interest of 98,470 lots.
Traders said fresh enquiries from millers at lower levels is supporting the upside in prices, but it is unlikely to sustain the uptrend because sowing is progressing well in the leading cultivating states.