Chana futures edge up by 0.09 pc as demand picks up

NEW DELHI: Chana prices edged up by 0.09 per cent to Rs 3,258 per quintal in futures trade today as speculators created fresh positions after pick-up in demand in the spot market amid limited arrivals from producing regions.

At the National Commodity and Derivatives Exchange, chana for delivery in April edged up by Rs 3, or 0.09 per cent to Rs 3,258 per quintal with an open interest of 65,980 lots.

Similarly, the commodity for delivery in May traded higher by the same margin to Rs 3,318 per quintal in 51,800 lots.

Analysts said speculators created fresh positions after pick-up in demand in the spot market amid limited arrivals from producing regions helped chana prices to trade higher at futures trade.