Chana futures up 0.36 per cent on tight supply

NEW DELHI: Chana prices rose 0.36 per cent to Rs 2,770 per quintal in futures trading today as speculators enlarged positions on the back of surging demand in spot markets.

At the National Commodity and Derivatives Exchange, chana for delivery in June gained Rs 10, or 0.36 per cent, to Rs 2,770 per quintal with an open interest of 2,490 lots.

Similarly, the commodity for delivery in July edged up by Rs 2, or 0.07 per cent, to Rs 2,854 per quintal in 1,73,940 lots.

Analysts said speculators enlarged positions on surging demand in the spot market against restricted arrivals from producing belts that led to an upward trend in chana prices at futures trade.