Chana prices steadied at Rs 2200 per quintal in Delhi today on continued buying interest from the stockists. The prices have hovered at the same levels since teh last two days. The commodity has been receptive to the idea that the steady progress in the rabi sowing would pressurize the prices in near term and futures were discounting a generous rise in the rabi Chana crop. The sowing continues till the end of January and the arrivals normally start from the middle of March. According to the latest estimates from the Ministry of Agriculture, the area under the crop stood at 75.10 lakh hectares, recording a 9% increase till Dec 19. The overall acreage of Rabi pulses is also higher, and it is likely to further weigh on the prices.
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