AHMEDABAD (Commodity Online): Guar seed prices traded bullish in future market today on NCDEX due to positive spot prices. Guar gum also remained positive. Guar seed and Guar gum are expected to fall in short run on NCDEX on profit booking. In Jodhpur market, prices have remained up in last 2 - 3 days.
“Range for Guar is from 4240 to 4630 for short run,” said Anil Patadia, Commodity Analyst with Commodity Online.
Fundamentally Guar is moderate to strong on good demand this year. Production and supply both have increased this year compare to previous year.
“Selling may drag September contract price down till 4240 in short run,” said Patadia.
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