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Last Updated : March 17, 2010 13:50
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Guar steady on lackluster demand

Spot prices at major mandis were quoted at higher rates tracking futures. Guar futures traded in sideways to down manner in the beginning of the session but strengthened towards the end and touched a high of Rs.2222/qtl and settled lower on Tuesday.

Lackluster demand from the overseas is keeping the Guar prices down. Guar gum prices in the international market are also remaining steady over a couple of days.

In NCDEX-accredited warehouses stock of Guar Seed stands at 28476 tonnes and Guar gum at 35022 MT as on 15th March, 2010. Spread between March and April contract is Rs.20.

Courtesy: Angel Commodities

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