India chana futures may extend losses from the previous session on Friday on an expected rise in arrivals from the new crop and hopes of better output due to a rise in acreage, analysts said.
The benchmark January contract NCHF9 on National Commodity and Derivatives Exchange (NCDEX) closed down 1.45 percent at 2,176 rupees per 100 kg in the previous session.
Chana acreage rose by 16.4 percent to 7.1 million hectares on Dec.4, compared to the same period a year ago, farm ministry data showed.
GUAR:
India guar futures may open lower on weak export demand, which is prompting traders to defer buying, analysts said.
January guar contract NGUF9 on the National Commodity and Derivatives Exchange ended up 0.60 percent at 1,501 rupees per 100 kg in the previous session.
However, buying at lower levels may cap the losses.
Source : Reuters India