Rising demand lifts chana futures by 0.83%

Image
Press Trust of India New Delhi
Last Updated : Jun 15 2018 | 1:00 PM IST

Chana prices rose 0.83 per cent to Rs 3,403 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills at the spot market.

Besides, tight stocks positions following drop in arrivals from producing regions fuelled the uptrend.

At the National Commodity and Derivatives Exchange, chana for this month rose Rs 28, or 0.83 per cent, at Rs 3,403 per quintal with an open interest of 13,580 lots.

Likewise, the commodity for delivery in July gained Rs 21, or 0.61 per cent, to Rs 3,438 per quintal in 1,11,210 lots.

Analysts attributed the rise in chana prices to surging demand at the spot market against restricted supplies from producing regions.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Jun 15 2018 | 1:00 PM IST

Next Story