Chana futures up on pick-up in demand

NEW DELHI, Mar 15:  Chana prices rose by Rs 9 to Rs 3,395 per quintal in futures trade today mostly supported by rising demand in the spot markets.
However, expectations of higher output and rising arrivals from the new season crop in the physical market restricted the gains.
At the National Commodity Derivatives Exchange, chana for delivery in April rose by Rs 9, or 0.27 per cent, to Rs 3,395 per quintal, with an open interest of 73,590 lots.
Likewise, the commodity for delivery in May traded higher by Rs 8, or 0.24 per cent, to Rs 3,384 per quintal in 65,300 lots.
Analysts said the rise in chana prices at futures trade was mostly attributed to strong demand in the spot market. (PTI)