 "Chana up 0.1% on rising demand")
Amid rising domestic demand and restricted arrivals from producing regions, chana prices rose for the third-day by adding 0.10% to Rs 2,921 per quintal in futures trade today as speculators enlarged positions.
At the National Commodity and Derivatives Exchange, chana for delivery in July added another Rs 3, or 0.10% to Rs 2,921 per quintal with an open interest of 1,16,670 lots.
Similarly, the commodity for delivery in June contract edged up by Rs 2, or 0.07% to Rs 2,857 per quintal in 76,060 lots.
Analysts said speculators said apart from a firming trend at spot market on rising demand, restricted arrivals from producing regions also influenced chana prices at futures trade.
At the National Commodity and Derivatives Exchange, chana for delivery in July added another Rs 3, or 0.10% to Rs 2,921 per quintal with an open interest of 1,16,670 lots.
Similarly, the commodity for delivery in June contract edged up by Rs 2, or 0.07% to Rs 2,857 per quintal in 76,060 lots.
Analysts said speculators said apart from a firming trend at spot market on rising demand, restricted arrivals from producing regions also influenced chana prices at futures trade.
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