India chana rises on acreage woes, other pulses

MUMBAI, Nov 25 (Reuters) - 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.

Following are the closing prices of chana futures in rupees
per 100 kg on the National Commodity Derivatives Exchange
<0#NCH:>

Contract Reuters code Closing price Change in %

=========================================================

Dec NCHZ9 2,652 0.84

Jan NCHF0 2,778 1.13

(Reporting by Rajendra Jadhav; Editing by Prem Udayabhanu)

((rajendra.jadhav@thomsonreuters.com; tel: 91 22 6636 9153
; Reuters Messaging: rajendra.jadhav.reuters.com@reuters.net))

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