NEW DELHI, Apr 17: Chana prices traded marginally higher by Rs 6 to Rs 3,804 per quintal in futures trade today as speculators created fresh positions, driven by a rise in demand in the spot market.
Expectations of fall in output in the current year also supported the uptrend in chana prices.
At the National Commodity Derivatives Exchange, chana for delivery in May rose by Rs 6, or 0.16 per cent, to Rs 3,804 per quintal with an open interest of 3,807 lots.
Likewise, the commodity for April contract gained Rs 5, or 0.14 per cent, to Rs 3,675 per quintal in 22,870 lots.
Analysts said fresh buying by speculators on the back of a rise in demand in the spot market and reports of a fall in output this year mainly helped chana prices to trade marginally higher at futures trade. (PTI)
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