Chana prices rose 1.80 per cent to Rs 4,390 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills at the spot market.
Besides, tight stocks positions following drop in arrivals from producing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for August contract rose Rs 78, or 1.80 per cent, at Rs 4,390 per quintal with an open interest of 68,930 lots.
Likewise, the commodity for delivery in the current month contract gained Rs 52, or 1.20 per cent, to Rs 4,384 per quintal in 200 lots.
Analysts attributed the rise in chana prices to surging demand at the spot market against restricted supplies from producing regions.
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