NEW DELHI, Nov 11: Chana prices were higher by 1.23 per cent to Rs 3,209 per quintal in futures trade today as speculators created fresh positions, driven by pick up in demand in the spot market.
Further, expectations of lower output at major producing belts supported the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in December traded higher by Rs 39, or 1.23 per cent, to Rs 3,209 per quintal with an open interest of 75,700 lots.
Similarly, the commodity for delivery in November edged up by Rs 12, or 0.37 per cent, to Rs 3,220 per quintal in 78,030 lots.
Analysts said fresh positions built-up by speculators after demand picked up in the spot market against limited arrivals from producing belts, mainly led to the rise in chana prices. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel