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Rising demand lifts chana futures by 0.40 per cent

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Press Trust of India New Delhi

Chana prices went up by 0.40 per cent to Rs 4,051 per quintal in futures trade Thursday as participants expanded positions, driven by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in December was trading higher by Rs 16, or 0.40 per cent, to Rs 4,051 per quintal with an open interest of 35,600 lots.

On similar lines, the commodity for delivery in November was trading higher by Rs 9, or 0.22 pe cent, to Rs 4,020 per quintal in 30,940 lots.

Analysts said widening of positions by traders following rising demand in the spot market against restricted supplies from producing regions mainly led to the rise in chana prices at futures trade here.

 

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First Published: Nov 01 2018 | 1:00 PM IST

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