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Chana prices surges 2.46 pc on robust demand

Press Trust of India  |  New Delhi 

Chana prices rose further by 2.46 per cent to Rs 4,287 per in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market.

Besides, tight inventory positions following drop in arrivals from producing regions fuelled the uptrend.

At the National Commodity and Derivatives Exchange, chana for delivery in September went up by Rs 103, or 2.46 per cent higher, to Rs 4,287 per with an open interest of 12,040 lots.

Likewise, the commodity for delivery in the current month gained Rs 98, or 2.36 per cent, to Rs 4,242 per in 87,720 lots.

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

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

First Published: Fri, August 10 2018. 12:25 IST