NCDEX guraseed down on dull overseas demand

Last Updated : October 28, 2011 12:40MUMBAI (Commodity Online): NCDEX guarseed for November delivery traded down 0.02% touching Rs 4380 due to reports of consumers switching to other cheaper sources of gum and also due to dull overseas demand.

According to Angel Commodities reports, low overseas demand and reports of consumers switching to other cheaper sources of gum for crude extraction due to high prices, the commodity is trading down.

With the new arrival in the market from the end of October, Guar Seed is expected to gain momentum.

At NCDEX, Guarseed November contract traded down 0.02% touching Rs 4380 in the after noon trade on 28th October.

View the original article here