Chana prices surged by 2.35 per cent to Rs 5,494 per quintal in futures trade today as traders enlarged positions on the back of strong demand in the spot market.
At the National Commodity and Derivatives Exchange, chana for delivery in May month shot up by Rs 126, or 2.35 per cent to Rs 5,494 per quintal with an open interest of 13,880 lots.
On similar lines, the commodity for delivery in June contracts traded higher by Rs 112, or 2.05 per cent to Rs 5,588 per quintal in 12,170 lots.
Market analysts said participants enlarged positions triggered by strong demand in the spot market amid restricted supplies from producing belts kept chana prices higher at futures trade.
They said, however,government's measures to check surging prices, capped the rise.
Meanwhile, with prices of pulses spiralling again on supply crunch, the centre has asked the states to impose stock holding limits for traders on all varieties of pulses in order to curb hoarding.
