Chana futures rise on strong demand

Chana prices rose 1.41 per cent to Rs 4,230 per quintal in futures trade today as participants built up fresh positions, taking positive cues from spot market on rising demand from dal mills.

At the National Commodity and Derivatives Exchange, chana for delivery in August increased by Rs 59, or 1.41 per cent, to Rs 4,230 per quintal with an open interest of 53,210 lots.

Similarly, the commodity for delivery in September was higher by Rs 57, or 1.35 per cent, to Rs 4,250 per quintal in 68,220 lots.

Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from producing regions.