Chickpea rises 0.23 per cent in futures trade on spot demand

NEW DELHI: Chana prices moved up by 0.23 per cent to Rs 3,100 per quintal in futures market today on pick-up in spot demand against tight supply.

At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 7, or 0.23 per cent, to Rs 3,100 per quintal with an open interest of 6,780 lots.

Likewise, the commodity for delivery in May edged up by Rs 2, or 0.06 per cent, to Rs 3,152 per quintal in 95,140 lots.

Analysts said fresh positions built up by speculators after demand picked up in the spot market, mainly led to rise in chana prices at futures trade.