Chana settled down by -0.55% at 2870 as a result of the steady sowing progress of pulses along with higher supplies from the major producing states. Though, expectation of higher demand due to a rise in the local consumption of dal and chana flour in the festive season, capped some losses. Increased arrivals of Pulses amidst expectations of better crop sowing in the growing states of MP, UP and Rajasthan pressurized the sentiments. If sowing remains on the higher side as expected, the uptrend may well be limited. The 4th government advance estimates pegged total pulses output for 2013-14 at 19.27 million ton, up from 18.34 million ton earlier.

Agriculture ministry has estimated chana record output at 9.88 million ton up from 8.83 million ton a year ago. According to the fourth advanced estimates released by the Ministry of Agriculture, chana output in 2013-14 is estimated at 9.88 million tonnes, up 11.9 per cent compared with 8.83 million tonnes the previous year. The Government had initially set a target of 8.66 million tonnes. Increased acreage and favourable climatic conditions in the major producing States such as Madhya Pradesh, Maharashtra, Rajasthan and Karnataka also helped to push up the yield.

Currently, sowing of the kharif crops has been completed and 10.11 million hectares have been brought under various crops, down some 6.5 per cent year-on-year. In Delhi spot market, chana dropped by -23.9 rupee to end at 2900 rupee per 100 kgs.

Source :-Commodityonline