Chana up on better spot demand

Restricted arrivals influenced prices in futures trade

Chana futures prices today rose by Rs 26 to Rs 4,305 per quintal as speculators enlarged their positions on good demand in the spot market.

Restricted arrivals in the physical market also influenced the chana prices at futures trade.

At the National Commodity Derivatives Exchange, chana for July contract rose by Rs 26, or 0.60%, to Rs 4,305 per quintal, with an open interest of 84,380 lots.

The August contract gained Rs 23, or 0.52%, to Rs 4,394 per quintal, with an open interest of 54,850 lots.

Analysts said increased buying by speculators on good demand in the spot market mainly led to rise in chana futures prices.