Chana remains high as demand picks up

Supplies from new season crop, expectations of rise in output capped the gain

Chana futures for April added Rs 17, or 0.5% to Rs 3446 per quintal in 75,360 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the May contract moved up by Rs 14, or 0.4% to Rs 3496 per quintal in 20,640 lots.

Prices strengthened as speculators enlarged positions, driven by pick-up spot market demand.

However, supplies from the new season crop and expectations of rise in output capped the gains.