Thursday, August 24, 2017

Guar Seed Overall fundamentals look strong

Overall fundamentals look strong however with rising export demand amidst concerns on the production front from the recent crop losses from excess rains in Rajasthan a few weeks back. With prices at very high levels, markets found some strong resistance. Prospects of rains in Rajasthan too limited the uptrend for the commodity. Low stocks too supported prices as markets shot up increased exports of guar during last year have been encouraging due to increasing rig count in US.

Good export demand checks the down moves meanwhile. As per reports from APEDA, improved export demand of guar in quantity and monitory terms has been noted.


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