NEW DELHI, July 1:Chana prices jumped 1.92 per cent to Rs 4,245 per quintal in futures trade today mostly powered by rising demand at the physical markets.
Moreover, expectations of lower output this year also supported the upside.
At the National Commodity and Derivatives Exchange, chana for delivery in July spurted by Rs 80, or 1.92 per cent to Rs 4,245 per quintal with an open interest of 97,460 lots.
Similarly, the commodity for delivery in August contracts shot up by Rs 50, or 1.16 per cent to Rs 4,345 per quintal in 1,62,490 lots.
Market analysts attributed the sharp rise in chana prices to pickup in demand at the spot market amid expectations of lower output this year. (PTI)
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