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Chana futures climb 1.43% on robust demand

Press Trust of India  |  New Delhi 

Chana prices rose 1.43 per cent to Rs 5,155 per quintal in futures trade today as traders created more positions, supported by the soaring demand from dal mills in the spot market amid restricted supplies.

At the National Commodity and Derivatives Exchange, chana for delivery in far-month October advanced Rs 74, or 1.43 per cent, to Rs 5,155 per quintal with an open interest of 13,070 lots.

Similarly, the commodity for delivery in September edged higher by Rs 73, or 1.41 per cent, to Rs 5,230 per quintal in 17,550 lots.

Analysts attributed the persistent rise in chana prices in futures trade to widening of positions by speculators, tracking a firm trend at the domestic spot market on strong demand.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 12:57 IST