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Chana futures rise 0.28% as demand picks up

Press Trust of India  |  New Delhi 

Amid uptick in demand at the domestic spot market and restricted arrivals from producing belts, chana prices edged higher by 0.28 per cent to Rs 3,621 per in futures trade today as speculators created fresh positions.

At the National Commodity and Derivatives Exchange, chana for delivery in June was trading higher by Rs 10, or 0.28 per cent, to Rs 3,621 per with an open interest of 97,910 lots.

On similar lines, the commodity for delivery in July contracts was trading higher by Rs 9, or 0.25 per cent, at Rs 3,652 per in 37,610 lots.

Analysts attributed the rise in chana prices to fresh positions built up by traders, driven by pick up in demand in the spot market, against restricted supplies from growing regions.

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

First Published: Tue, May 29 2018. 12:45 IST