Chana higher on firming demand in spot market

Chana prices rose by Rs 13, to Rs 2,095 per quintal in futures trade today, as speculators enlarged their positions on rising demand in spot markets, driven by marriage and festive season. 

Restricted arrivals from producing region of Rajasthan and Gujarat further supported the uptrend in futures trade.

At the Multi Commodity Exchange counter, chana for October-month contract rose by Rs 13, or 0.62 per cent, to Rs 2,095 per quintal, with a business volume of nine lots.   

Traders said fresh positions created by speculators following rise in demand in the spot market for marriage and festive season mainly pushed up chana prices in futures trade.