Chana futures rise 1.26 pc on spot demand
Chana prices rose by Rs 58 to Rs 4,657 per quintal in futures trading today as speculators created fresh positions, driven by pick up in spot market demand.
By PTI | Updated:
NEW DELHI: Chana prices rose by Rs 58 to Rs 4,657 per quintal in futures trading today as speculators created fresh positions, driven by pick up in spot market demand.
Concerns over reduced output due to less monsoon rains in major summer-sown pulses cultivating regions also supported the rise in chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in August rose by Rs 58, or 1.26 per cent, to Rs 4,657 per quintal, with an open interest of 49,180 lots.
In a similar fashion, the commodity for delivery in September moved up by Rs 58, or 1.23 per cent, to Rs 4,771 per quintal in 61,310 lots.
Marketmen said fresh positions created by speculators on the back of a rise in demand in the spot market mainly pushed up chana prices at futures trade.
Concerns over reduced output due to less monsoon rains in major summer-sown pulses cultivating regions also supported the rise in chana prices.
At the National Commodity and Derivatives Exchange, chana for delivery in August rose by Rs 58, or 1.26 per cent, to Rs 4,657 per quintal, with an open interest of 49,180 lots.
In a similar fashion, the commodity for delivery in September moved up by Rs 58, or 1.23 per cent, to Rs 4,771 per quintal in 61,310 lots.
Marketmen said fresh positions created by speculators on the back of a rise in demand in the spot market mainly pushed up chana prices at futures trade.
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