Chana up 0.8% on firm spot demand

Chana for July moved up by 0.23%

Chana prices rose by Rs 27 to Rs 3,103 per quintal in futures trading today as speculators created fresh positions, driven by an improvement in spot market demand.

At the National Commodity Derivatives Exchange, chana for delivery in August month rose by Rs 27, or 0.88%, to Rs 3,103 per quintal, with an open interest of 2,16,420 lots.

Similarly, chana for July moved up by Rs 7, or 0.23%, to Rs 3,030 per quintal in 4,190 lots.

Analysts said fresh positions created by speculators after an improvement in spot market demand mainly led to rise in chana prices at futures trade.