Chana up 0.6% on spot demand

Thin supplies from Rajasthan and Gujarat influence prices

Chana prices rose by Rs 29 to Rs 4,825 per quintal in futures trade today on pick up in domestic buying from millers and retailers amid thin supplies.

Traders said increased buying by millers at lower levels amid a fall in supply from the producing regions of Rajasthan and Gujarat supported the uptrend in futures prices.

At the National Commodity and Derivatives Exchange, chana for September delivery rose by Rs 29, or 0.60%, to Rs 4,825 per quintal, with an open interest for 74,650 lots.

October chana rose by Rs 28, or 0.57%, to Rs 4,930 per quintal, with an open interest for 31,480 lots.