India chana, guar higher on sowing delay, lower acreage

MUMBAI, July 6 (Reuters) - India chana futures opened higher on Monday tracking a sharp rise in prices of summer-sown pulses due to a delay in sowing, analysts said.

Sowing of summer-sown pulses like tur, urad and moong has been delayed in western state of Maharashtra, the biggest producer, by more than two weeks.

Demand for chana dal and flour usually goes up during monsoon months as supply of vegetables drops in wet weather.

At 10:12 a.m., the July futures contract NCHN9 was up 0.42 percent at 2,172 rupees per 100 kg.

Higher stocks at exchange warehouses and imports of cheaper yellow peas by government agencies weighed on prices, they said.

Indian traders are using imported yellow peas as a cheap substitute for chana.

GUAR:

India guar seed futures opened higher on estimates of 10 percent lower acreage, analysts said.

However, isolated rains in Rajasthan, a major producer trimmed gains, analysts said.