At commodity NCDEX Guarseed hiked in expot demand.
The Receding arrivals of guargum in major mandies coupled with strong guargum commodity export demand showed the strong gains in guarseed market. The commodity future prices of guarseed have gained almost Rs 20 per quintal today.
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| Commodity guarseed |
Commodity guarseed and guargum prices shot up in the local cash markets today as the arrivals of commodity lowered slightly and demand remained firm.
In commodity, the spot guarseed surged Rs 50 to Rs 3050 per quintal while guargum shot up Rs 100 per tonne to Rs 8500 per tonne. The total arrivals were 35000 bags, slightly lower than the 40000 bags witnessed yesterday.
Moreover, strong commodity export enquiries of guargum also added the buoyancy in guarseed market in today's trading.
Consequently, the commodity future prices of Guarseed NCDEX March Benchmark contract increased by Rs 50 per quintal from their intraday lows to close at Rs 2961 per quintal today .
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