Chana futures up on spot demand

Chana prices moved up by Rs 4 to Rs 2,331 per quintal in futures trade today as speculators enlarged their positions on expectations of pick-up in demand at spot markets.

At the National Commodity and Derivative Exchange, chana for delivery in May rose by Rs 4, or 0.17% to Rs 2,331 per quintal, with an open interest of 1,45,340 lots.

Similarly, the commodity for delivery in June traded higher by the same margin to Rs 2,408 per quintal in 1,24,180 lots.

Traders attributed the rise in chana futures prices to pick-up in demand, particularly from dal mills, in the spot markets.