Chana up 1.2% on good buying activity
Estimates of higher production restricted the upside.
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Chana prices rose by 1.24% to Rs 3,176 per quintal in futures trade today as participants enlarged their holdings in the commodity on account of the good demand in the market after a recent fall in prices.
However, estimates of higher production restricted the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 39, or 1.24%, to Rs 3,176 per quintal, with an open interest of 13,610 lots.
Similarly, chana for delivery in July gained Rs 32, or 0.99%, to Rs 3,251 per quintal, with an open interest of 1,76,800 lots.
Traders said the rise in chana prices at futures trade to rise in spot market demand amid a fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend in futures trade.
However, estimates of higher production restricted the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 39, or 1.24%, to Rs 3,176 per quintal, with an open interest of 13,610 lots.
Similarly, chana for delivery in July gained Rs 32, or 0.99%, to Rs 3,251 per quintal, with an open interest of 1,76,800 lots.
Traders said the rise in chana prices at futures trade to rise in spot market demand amid a fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend in futures trade.
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First Published: Jun 06 2013 | 3:18 PM IST