MUMBAI, Nov 10 (Reuters)- Indian guar futures recovered sharply in the evening session on Tuesday as investors ignored a lull in export demand and focused on lower crop estimates and squeezed supplies from the fields, analyst said.
Guar futures bounced back sharply from a midsession decline on speculative selling, an analyst said.
Spot market mirrored the futures and recovered to end at 2,515 rupees per 100 kg at Jodhpur, a trading hub in Rajasthan.
Poor monsoon has damaged nearly 70 percent of standing guar crop in Rajasthan, which accounts for four-fifth of the country's guar acreage.
Source : REUTERS