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#1
3rd October 2005, 11:21 AM
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Guar News
The guar prices maintained the strength today. At the physical as well as the futures market both the guar seed and guar gum prices moved up significantly on fresh buying support. Mainly dry weather prevailed over guar growing regions. Southwest monsoon has further withdrawn from remaining parts of Uttaranchal & West Uttar Pradesh, some parts of East Uttar Pradesh & East Madhya Pradesh and some more parts of West Madhya Pradesh. However, the hot air circulation in parts of Rajasthan has raised the fear of crop damage, which has underpinned the upside movement of guar prices. Under such circumstances the guar prices are likely to remain strong in the next trading day with possibility of some downward movement later in the session.
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