Chana up 0.1% as demand picks up

Chana for delivery in November edged up by 0.07%

Chana prices traded marginally higher by 0.14% to Rs 2,896 per quintal in futures trading today as speculators created fresh positions, supported by pick up in demand in the spot market.

At the National Commodity Derivatives Exchange, chana for delivery in October traded higher by Rs 4, or 0.14% to Rs 2,896 per quintal with an open interest of 1,21,180 lots.

Similarly, the commodity for delivery in November edged up by Rs 2, or 0.07% to Rs 3,001 per quintal in 74,470 lots.

Market analysts attributed the rise in chana futures to fresh positions created by speculators after pick up in demand in the spot market.