mandi bhav of india

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Demand lifts chana futures

Chana prices surged by 1.43 per cent to Rs 3,678 per quintal in futures trading today as participants built up fresh positions, driven by pick-up in demand from dal mills at the spot market.

At the National Commodity and Derivatives Exchange, chana for delivery in April shot up by Rs 52, or 1.43 per cent, to Rs 3,678 per quintal with an open interest of 800 lots.

Similarly, the commodity for delivery in May gained Rs 23, or 0.63 per cent, to Rs 3,662 per quintal in 1,02,710 lots.

Analysts said, fresh positions created by traders after pick-up in demand from dal mills in the physical market against restricted supplies from producing regions, mainly pushed up chana prices at futures trade.