Monday, May 19, 2014

EPI C AGRI COMMODITY MARKET NEWS UPDATE: GUARSEED


Further corrections were noted for Guar as the higher levels could not be sustained and a fall in most Agri
commodities kept markets sentiments down for this commodity also. Short term some more dips may be noted
but with overall weak Monsoon predictions, prices may start recovering by end of the week. Prices have been
finding some very strong support at 4000-4300 levels over last 9 months. With Export demand picking up,
traders do not anticipate much fall in rates from these levels.
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