NCDEX Guargum futures eased today, giving up after a latest upmove as traders eyed progress of monsoon. The southwest monsoon has advanced in the Andaman and Nicobar Islands and could arrive earlier than expected in the main sowing region of Guarseed. The India Meteorological Department (IMD) noted that the conditions are favourable for further advance of southwest monsoon into some more parts of south Bay of Bengal, entire Andaman Sea & Andaman Islands and some parts of east-central Bay of Bengal during next 2-3 days. NCDEX Guargum futures fell around 1.53% to Rs 11520 per tonne following this. The counter had advanced near Rs 12K mark in last session.Powered by Commodity Insights
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