Futures contracts of guar gum and guar seeds on the NCDEX fell as traders booked profits after the contracts rose in the last three trading days. The guar complex has lately been on the rise due to concerns of crop damage after recent severe rains in Rajasthan and floods in Gujarat. Hopes of better guar gum exports to the US, where it is used as a fracking agent for crude oil exploration also supported the prices.
Source: Newswire
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