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15-Mar2014

Chana futures trade higher on NCDEX

Chana futures traded higher on NCDEX due to concerns over yield as well as quality of the new season crop as recent rains and hailstorm in major growing states in Maharashtra and Madhya Pradesh may have spoiled the crop. The commodity improved further as the speculators enlarged their positions driven by pick-up in spot market demand against restricted supplies from producing regions.

The contract for April delivery was trading at Rs 3252.00, up by 0.46% or Rs 15.00 from its previous closing of Rs 3237.00. The open interest of the contract stood at 83640 lots.

The contract for May delivery was trading at Rs 3303.00, up by 0.40% or Rs 13.00 from its previous closing of Rs 3290.00. The open interest of the contract stood at 39830 lots on NCDEX.


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