 "Chana up 1% on spot demand")
Chana prices rose by one per cent to Rs 4,340 per quintal in futures trade today as traders enlarged their holdings on account of good demand at the spot market.
Besides, restricted arrivals in the market due to lower estimated output also increased the chana prices.
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 43, or one per cent, to Rs 4,340 per quintal, with an open interest of 1,35,770 lots.
Traders attributed the rise in chana prices at futures trade to rising demand at the spot market amid fall in supplies from the producing regions.
Besides, restricted arrivals in the market due to lower estimated output also increased the chana prices.
At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 43, or one per cent, to Rs 4,340 per quintal, with an open interest of 1,35,770 lots.
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Similarly, chana for delivery in July was trading higher by Rs 38, or 0.91 per cent, to Rs 4,212 per quintal, with an open interest of 1,30,830 lots.
Traders attributed the rise in chana prices at futures trade to rising demand at the spot market amid fall in supplies from the producing regions.
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