MUMBAI, March 13 (Reuters) - India chana futures may extend losses on Friday as arrivals were gaining pace in physical market, while traders were cautiously buying due to higher output estimates, analysts said.
The federal farm ministry last month said output may rise by 13.7 percent to 6.54 million tonnes in 2008/09 compared with 5.75 million tonnes a year ago.
Arrivals are likely to increase from top producers Madhya Pradesh and Rajasthan, they added.
The April contract NCHJ9 on the National Commodity and Derivatives Exchange (NCDEX) ended down 0.75 percent at 2,253 rupees per 100 kg in the previous session.
GUAR:
Futures seen trading higher on a revival in export demand triggered by a falling rupee, analysts said.
The Indian rupee has shed about 6 percent so far during the year, and hit a record low of 52.20 per dollar last week.
A weak rupee will make Indian offerings attractive in the dollar-based global trade. India controls about 80 percent of the worldwide market for guar products, according to the government trade promotion council for the commodity.
April futures contract NGUJ9 last ended unchanged at 1,610 rupees per 100 kg.
Source : REUTERS INDIA