Chana Futures Up 4 percent On Rise In MSP In Madhya Pradesh

Sharp gains were reported in chana futures due to rise in Minimum Support Price (MSP) by Madhya Pradesh government coupled with seasonal demand of dal millers . The NCDEX April Benchmark futures increased by almost 4 percent today to settle at Rs 3727 per quintal. As per market sources, the Madhya Pradesh government has increased the MSP of chana to Rs 4400 per quintal in all major mandies. This has encouraged speculative buying in futures market.