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Reuters India, 25 Nov, 2009
MUMBAI, Nov 25 - India's chana futures edged up on Wednesday on
firmness in kharif pulses and concerns acreage may fall in a key
producing state, though profit-taking capped the rise, analysts
said. "Lower acreage in Rajasthan will affect on the country's
production," Ajitesh Mullick, an analyst at Religare Commodities,
said.
Chana acreage in Rajasthan as on Nov. 20 stood at 680,000 hectares,
compared with 971, 000 hectares in the same period last year. In
the Delhi spot market, the price eased by a rupee to 2,488 rupees
per 100 kg. Chana, a winter-sown pulse, is priced lower than kharif
pulses like tur, urad and moong, but follows their trend as consumers
tend to buy the cheaper substitute.
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