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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.
