Chana futures climb 0.78% on robust demand

Chana prices rose 0.78 per cent to Rs 5,444 per quintal in futures trade today as traders built up more positions, supported by the soaring demand from dal mills in the spot market amid restricted supplies.

At the National Commodity and Derivatives Exchange, chana for delivery in current month advanced Rs 42, or 0.78 per cent, to Rs 5,444 per quintal with an open interest of 8,220 lots.

Similarly, the commodity for delivery in November edged higher by Rs 37, or 0.68 per cent, to Rs 5,443 per quintal in 29,260 lots.

Analysts attributed the rise in chana prices in futures trade to widening of positions by speculators, tracking a firm trend at the domestic spot market on strong demand.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)