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Chana prices rose by Rs 56 to Rs 3,060 per quintal in futures trade today as traders enlarged their holdings on rising demand against restricted supplies in the spot market.
At the National Commodity Derivatives Exchange, chana for September contract rose by Rs 49, or 1.57%, to Rs 3,160 per quintal, with an open interest of 6,290 lots.
Similarly, the commodity for delivery in October gained Rs 28, or 0.86%, to Rs 3,248 per quintal, with an open interest of 1,47,370 lots.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals mainly pushed up chana prices in futures.
They said fresh enquiries from millers at lower levels against fall in supply from the producing regions of Rajasthan and Madhya Pradesh further supported the uptrend.
