 "Chana up 0.9% on spot demand")
Chana prices rose by Rs 29 to Rs 3,184 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 December rose by Rs 29, or 0.91%, to Rs 3,184 per quintal, with an open interest of 98,000 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 December rose by Rs 29, or 0.91%, to Rs 3,184 per quintal, with an open interest of 98,000 lots.
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Similarly, chana prices for delivery in November increased by 19, or 0.63%, to Rs 3,050 per quintal, with an open interest of 1800 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.
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