India chana futures extended losses on Tuesday due to fresh arrivals at spot market and an expected rise in output, analysts said.
Acreage under chana, a winter-sown pulse, rose by 9 percent on year to 7.51 million hectares as on Dec. 18, farm ministry data showed on Friday.
At 10:20 a.m., the benchmark January contract NCHF9 on the National Commodity and Derivatives Exchange (NCDEX) was down 0.28 percent at 2,114 rupees per 100 kg.
GUAR:
Futures fell in early trade as weak export demand prompted spot market traders to defer buying, analysts said.
At 10:20 a.m., NCDEX January guar NGUF9 was down 0.33 percent at 1,509 rupees per 100 kg.
The contract has fallen more than 34 percent since hitting a high of 2,327 rupees on July 22, as a slowing global economy hit exports.
But some bargain buying and thin arrivals from main producing state Rajasthan, limited the downside.
Source : Reuters India