 "Chana climb by 1.3% on lower output")
Chana prices rose by 1.32% to Rs 3,848 per quintal in futures trading today after participants enlarged speculative positions amid expectations of lower output due to unseasonal rains in growing regions.
Besides, rising demand in the spot market supported the upside.
At the National Commodity and Derivatives Exchange (NCDEX), chana for delivery in May shot up by Rs 50, or 1.32%, to Rs 3,848 per quintal with an open interest of 1,10,510 lots.
Analysts said apart from expectations of lower output due to unseasonal rains, rising demand in the spot market mainly led to an upsurge in chana prices at futures trade.
Besides, rising demand in the spot market supported the upside.
At the National Commodity and Derivatives Exchange (NCDEX), chana for delivery in May shot up by Rs 50, or 1.32%, to Rs 3,848 per quintal with an open interest of 1,10,510 lots.
Also Read
In a similar fashion, the commodity for delivery in April traded higher by Rs 47, or 1.24%, to Rs 3,833 per quintal in 1,06,370 lots.
Analysts said apart from expectations of lower output due to unseasonal rains, rising demand in the spot market mainly led to an upsurge in chana prices 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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%