Guarseed Falls Further, NCDEX Futures Down More Than 1%

17 Oct 2022 , 04:56 PM

The NCDEX Guarseed futures slipped today, adding to recent spate of losses as markets eyed a continued increase in arrivals in key markets and also hoped that the supplies will increase further post Diwali. The commodity currently trades down 1.19% at Rs 4665 per quintal. Harvesting is almost over in major producing states now and traders are eyeing the supplies in major producing state of Rajasthan. The area sown under Guar had soared by around 122% on year by end August 2022. Guar prices have been mostly holding in a tight range over the recent weeks with a downward bias. Powered by Commodity Insights