Uptick in demand lifts chana futures by 0.66 pc

Chana prices were up by 0.66 per cent to Rs 5,467 per quintal in futures market today as speculators built up fresh positions, supported by upsurge in demand at the domestic spot market and restricted supplies from producing belts.
At the National Commodity and Derivatives Exchange, chana for delivery in May rose by Rs 36, or 0.66 per cent, to Rs 5,467 per quintal with an open interest of 3,390 lots.
Similarly, the commodity for delivery in June contracts gained Rs 18, or 0.33 per cent, to Rs 5,545 per quintal in 18,260 lots.
Analysts attributed the rebound in chana futures to pick up in demand in the spot market against limited supplies from producing regions.

However, they added that the government's measures to check rising prices capped the rise.