Chana futures trade higher

| Updated on: Apr 28, 2011
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Chana prices inched up by Rs 17 to Rs 2,526 a quintal in futures trade today as speculators enlarged their positions on expectations of pick up in demand at the domestic markets.

Some enquiries from dal mills further fuelled the uptrend in prices. At the National Commodity and Derivative Exchange, chana for delivery in July gained Rs 17 or 0.68 per cent to Rs 2,526 a quintal with an open interest of 14,080 lots.

Similarly, chana for delivery in June edged up by Rs 11 or 0.61 per cent to Rs 2,291 a quintal with a business turnover of 51,150 lots.

Chana for delivery in May rose by Rs 7 or 0.30 per cent to Rs 2,315 a quintal with an open interest of 1,51,240 lots.

Traders attributed the rise in prices to enlarging of positions by speculators on pick up in demand in the spot markets.

Published on April 28, 2011

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