Follow Us:
Friday, July 20, 2018

Chana futures up on firm spot demand

Chana prices rose by Rs 47 to Rs 4,431 per quintal in futures trade today.

Written by Agencies | Published: September 25, 2012 4:11:53 pm

Chana prices rose by Rs 47 to Rs 4,431 per quintal in futures trade today on hopes of pick up in domestic buying for the festive season amid thin supplies.

Traders said enquiries by millers at lower levels amid a fall in supply from the producing regions of Rajasthan and Gujarat mainly supported the uptrend in futures trade.

At the National Commodity and Derivatives Exchange,chana for October rose by Rs 47,or 1.07 per cent,to Rs 4,431 per quintal,with an open interest for 82,130 lots. Similarly,chana for delivery in November rose by Rs 26,or 0.60 per cent,to Rs 4,348 per quintal,with an open interest for 38,380 lots.

Traders said speculators increasing their holdings on hopes of a rise in spot market demand mainly pushed up chana futures prices.

For all the latest Business News, download Indian Express App