NCDEX Market showing some strength due to good monsoon rains in some areas, specially in soyabean trading. Our experts predict that if the monsoon rains continue in such matter than we can see good business in soyabean. But on the other hand poor rains in some southern areas raised the price of sugar. According to reports, the price gain was on the back of high demand from the Indian exporters as the availability of sugar from Brazil has dropped drastically due to heavy rains, which has raised the demand for Indian Sweetener in the global market. In domestic NCDEX market sugar for August delivery has surged 10.92% to Rs 3314 per qtl.
Switiching over guar trend then in the absence of futures trading in the spot market, betting is conituing heavily in the guar. NCDEX cotton trend says that if rainfall deficiency continues, it would affect the cotton production severely and would further fuel the price of the commodity in the domestic market.
