 "Chana up by 1.7% on strong demand")
Chana prices shot up by 1.73% to Rs 4,294 per quintal in futures market today as participants widened their bets, driven by strong demand in the spot market.
Besides, restricted supplies from producing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in April was trading higher by Rs 73 or 1.73% to Rs 4,294 per quintal with an open interest of 33,060 lots.
Similarly, the commodity for delivery in April contracts surged by Rs 74 or 1.72% to Rs 4,370 per quintal in 18,270 lots.
Analysts said besides upsurge in demand from dal mill in the spot market, restricted supplies from producing belts pushed up chana prices at the futures trade.
Besides, restricted supplies from producing regions fuelled the uptrend.
Read more from our special coverage on "CHANA PRICES"
At the National Commodity and Derivatives Exchange, chana for delivery in April was trading higher by Rs 73 or 1.73% to Rs 4,294 per quintal with an open interest of 33,060 lots.
Similarly, the commodity for delivery in April contracts surged by Rs 74 or 1.72% to Rs 4,370 per quintal in 18,270 lots.
Analysts said besides upsurge in demand from dal mill in the spot market, restricted supplies from producing belts pushed up chana prices at the futures trade.
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