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

Pratim Ranjan Bose

Kolkata. Oct. 9

, Notwithstanding arrival of early crop in Rajasthan and Haryana, guar, a narrow commodity, is experiencing substantial volatility in prices in the last week. The bulk of guar crop is expected to hit the market next month.

Expectations of high export demand and crop damage due to excessive heat in the last fortnight pushed guarseed up to Rs 1,809 on October 7 from Rs 1,678 on September 30 for near-term contracts.

While majority of commodity fund managers blame speculative interest behind the price fluctuation that at a time when the new crop has started hitting the market, there is an expectation that prices will reach Rs 2,000 level in the short term.

"There could be a limited upside till Diwali," feels Mr Pankil Shah of Angel Commodites.

More Stories on : Commodity Exchanges

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

Stories in this Section
Guarseed futures turn volatile

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