Chana gains 0.50% on lower output estimates

NEW DELHI, Oct 29:  Chana prices rose further by 0.50 per cent to Rs 3,018 per quintal in futures market today as speculators enlarged positions amid low output estimates.
At the National Commodity and Derivatives Exchange, chana for delivery in November advanced by Rs 15, or 0.50 per cent, to Rs 3,018 per quintal with an open interest of 99,990 lots.
In a similar fashion, the commodity for delivery in December gained Rs 11, or 0.36 per cent, to Rs 3,057 per quintal in 53,070 lots.
Analysts said speculators enlarged positions, triggered by lower estimated output from major producing belts, which mainly pushed up chana prices at futures trade. (PTI)


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