Agri Commodities Review:Recovery Seen In Guar And Oilseeds Complex

Renewed buying interest was emerged in guarseed and oilseeds seed commodities after sharp sell off in previous trading sessions. However, weakness was seen in chana and jeera counters due to supply pressure in local mandies. In todays trading, the NCDEX Guarseed September futures added 0.80 percent due to strong global cues. Strong buying interest was also seen in oilseeds counter in todays trading as most of the speculators are expecting recovery in oilmeal exports in the current season. The NCDEX Mustard seed September settled at Rs 3925 per quintal, up 0.60 percent from last close. On the other side, selling was seen in chana market as prices declined today due to bearish nodes in other pulses.