Chana futures remains up on sustained buying

Chana prices rose further by Rs 16 to Rs 2,470 per quintal in futures trade today on sustained buying by traders, driven by a rise in demand in the spot market.

Moderate demand and new arrivals in the mandis continued, pushing up the chana prices in futures.

At the National Commodity and Derivatives Exchange, chana for delivery in July rose by Rs 16, or 0.65% to Rs 2,532 per quintal, with an open interest of 56,530 lots.  

Similarly, the commodity for delivery in June traded higher by Rs 11, or 0.46% to Rs 2,393 per quintal, with an open interest of 1,20,730 lots.

 

Analysts said sustained buying by traders supported by a rising demand in the spot market mainly led to rise in chana futures prices.