 "Chana rises 0.8% on firm demand, lower output")
Chana prices advanced 0.80 per cent to Rs 3,924 per quintal in futures trading today as speculators enlarged positions, tracking a solid trend at spot market on high demand.
Expectations of lower output due to unseasonal rains in growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange (NCDEX), chana for delivery in April gained Rs 31, or 0.80 per cent, to Rs 3,924 per quintal with an open interest of 91,400 lots.
Analysts said besides rising demand in the spot market, expectations of a lower output due to unseasonal rains in growing regions kept chana prices elevated at the futures trade.
Expectations of lower output due to unseasonal rains in growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange (NCDEX), chana for delivery in April gained Rs 31, or 0.80 per cent, to Rs 3,924 per quintal with an open interest of 91,400 lots.
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Similarly, the commodity for delivery in May moved up by Rs 20, or 0.51 per cent, to Rs 3,923 per quintal in 1,27,590 lots.
Analysts said besides rising demand in the spot market, expectations of a lower output due to unseasonal rains in growing regions kept chana prices elevated at the futures trade.