Chana futures edge higher on strong demand

Chana futures traded higher on NCDEX as speculators created positions following strong demand in the spot market against restricted arrivals from the major producing regions. Further, estimation of lower production from the major producing belts due to severe crop damage, too supported chana prices uptrend. The contract for May delivery was trading at Rs 3000.00, up by 0.54% or Rs 16.00 from its previous closing of Rs 2984.00. The open interest of the contract stood at 62070 lots. The contract for June delivery was trading at Rs 3069.00, up by 0.59% or Rs 18.00 from its previous closing of Rs 3051.00. The open interest of the contract stood at 105510 lots on NCDEX.