Chana prices spurted by 2.01 per cent to Rs 784.05 per quintal in futures trade today as participants raised bets, driven by upsurge in demand from dal mills in the spot market.
Besides, tight stocks position following fall in arrivals from producing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 72, or 2.01 per cent, to Rs 3,656 per quintal with an open interest of 80,080 lots.
Likewise, the commodity for delivery in May contracts was trading higher by Rs 63, or 1.74 per cent, to Rs 3,677 per quintal in 31,110 lots.
Analysts attributed the sharp rise in chana prices to an uptick in demand in the physical market against restricted supplies from producing regions.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU