Fundamental Aspect
Guar futures traded sharply higher as limited supply amid increasing buying interest by millers may help prices to continue its rally. Rising crop failure concerns caused by uneven distribution of monsoon rainfall in western Rajasthan is likely to spur speculators to enlarge long positions at futures platform. Cumulative monsoon rainfall in Bikaner, Ganganager and Hanumangargh has been below normal till second half of Aug recorded at -7%, -32% and -18% of LPA. Besides, reports of crop damage in northern Gujarat...
