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IMD forecast affects guar seed prices

IMD forecast affects guar seed prices

Wednesday, April 19, 2017, 1:05 PM

The future prices for castor seed gain by about 1.40% to trade at Rs.4,601 per quintal mainly on demand supply gap. The impact of Indian Met Department's forecast normal rains this season was seen in the prices of guar seed, which tends to react very sharply on any weather related event. But other agri-commodities have also not reacted negatively to the normal monsoon forecast.
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