• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Dhimant Bhatt

Mumbai , July 2

Guarseed futures prices may continue to rule weak this week on lack of fresh buying from exporters and local players amid some offerings by stockists on reports of rains in Rajasthan and Haryana.

Guarseed July contracts (expiring on 20th) on MCX were down Rs 60 at Rs 1,862 a quintal (Jodhpur) on Saturday over last week, while July contracts on NCDEX were also down Rs 60 at Rs 1,817 a quintal on Saturday over last week. Trading volume in futures market was low.

"The market is now weather driven. Reports that sowing will take place in July end. There are reports of rains in Rajasthan and Haryana. Prices may fall further on dull export and local demand, " a Jodhpur-based exporter said.

In the physical market, spot prices at Jodhpur market were down Rs 80 to Rs 1,820 on Saturday."Prices are likely to meet with resistance at Rs 1,860 levels with immediate support seen at Rs 1,800 levels," an analyst with Religare commodities said.

More Stories on : Oilseeds & Edible Oil

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Expected rainfall cut by a tad as Pacific warms

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line