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• India Pepper finishes down on higher production concerns
• India Jeera settles higher on rising spot demand
• MCX Aluminum trades in narrow range on lackluster market
• India Chana gains on lower output concerns

AHMEDABAD (Commodity Online): With fundamentals favouring and technical breakout occurring, guar gum has hit the upper circuit. Guar gum September contract was trading at Rs.13967, and the October contract was trading at Rs.14170 in the evening trade.

“The consolidation phase in the market is over. In Rajasthan, the guar bean acreage has come down and there is some robust demand. Further, a technical breakout has also occurred”, said Fayaz Hudani, Kotak Commodities.

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