Chana rises on tight supply

Low supplies also pushed prices higher

Chana futures prices today rose by Rs 32 to Rs 4,119 per quintal as speculators created fresh positions, tracking a firm spot market trend.

At the National Commodity Derivatives Exchange, chana for delivery in June rose by Rs 32, or 0.78%, to Rs 4,119 per quintal, with an open interest of 19,130 lots.

The July contract gained Rs 10, or 0.24%, to Rs 4,193 per quintal in 1,04,500 lots.

Analysts said speculators created fresh positions on the back of pick-up in demand at the spot market, amid low supplies which pushed up chana prices at futures trade.