Commodity picks

Guar Seed

Guar seed prices are expected to trade lower, towards Rs 3,300 a quintal in Jodhpur, from the current Rs 3,500 a quintal. Pressure on account of weak gum exports and seasonal arrivals is likely to keep prices lower. Guar gum exports in October have been pegged at 16,233 tonnes , against 43,915 tonnes during October last year.

Cardamom

Cardamom prices are trading at Rs 746 a kg in Vandanmedu. Prices are expected to trade lower, towards Rs 720 a kg, following lower exports and seasonal arrivals. Weaker prices in Guatemala are keeping Indian exports lower.

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Prerana Desai,
Vice-president-research - agri value chain, Edelweiss Integrated Commodity Management