Chana gains 0.63% on deficient monsoon

Rising demand influenced prices

Chana prices rose by 0.63% to Rs 4,470 per quintal in futures trade today as speculators engaged in creating huge positions on concerns that lower rains in key growing regions could impact sowing of pulses.

Also, rising demand in the physical market influenced chana prices at futures trade here.

At the National Commodity Derivatives Exchange, chana for delivery in August rose by Rs 28, or 0.63%, to Rs 4,470 per quintal, with an open interest of 80,210 lots.

The July contract gained Rs 27, or 0.62%, to Rs 4,381 per quintal, with an open interest of 49,680 lots.