MUMBAI (Commoditiescontrol) - Guarseed arrivals in the country during the first four month (Oct-Jan) of current season 2017-18 dropped 2.40% at 36.55 lakh bags (approx 100kg bag each) against 37.45 lakh bags same period a year ago, according to a data collected from various industry participants.
Lower arrivals of Guarseed in the markets was attributed to poor production this season led by slow farmers selling as they are bullish about the commodity, said a trader from Bikaner.
Spot Guarseed prices surged sharply by around 25% so far this season due to lower production, slow supply and robust export demand.
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(By Commoditiescontrol Bureau; +91-22-40015533)
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