Chana up 1.1% on rising spot demand

Chana for August contract edged up by 0.13%

Chana prices gained 1.18% to Rs 3097 per quintal in futures trading today as speculators enlarged their positions, driven by rising demand in the spot market.

At the National Commodity Derivatives Exchange, chana for delivery in July gained Rs 36, or 1.18% to Rs 3097 per quintal with an open interest of 3320 lots.

In a similar fashion, chana for August contract edged up by Rs 4, or 0.13%, to Rs 3,145 per quintal in 2,14,090 lots.

Analysts said speculators enlarged their positions, driven by rising demand in the spot market mainly led to rise in chana prices at futures trade.