Chana prices spurted by 2.37 per cent to Rs 4,714 per quintal in futures trade today as traders widened positions, driven by rising demand in the spot market.
Furthermore, tight supplies from producing belts supported the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in September surged Rs 109, or 2.37 per cent to Rs 4,714 per quintal with an open interest of 1,53,850 lots.
Likewise, the commodity for delivery in August contracts traded higher by Rs 95, or 2.05 per cent to Rs 4,720 per quintal in 4,980 lots.
Analyst said speculators enlarging their positions, taking positive cues from spot market on rising demand against restricted arrivals from producing regions mainly attributed the sharp rise in chana at futures trade.
