The guar complex basket was down during the greater part of the week, which ended recently. Approaching November series expiry had attracted short sellers to give deliveries against their holdings, because of which pressure was seen in the derivatives. The primary direction was bullish in the oil complex mainly because of strength in global markets and steady demand in the retail markets. The oil complex basket has been trending upwards since the beginning of the week.  Mentha oil was range bound throughout the week amid subdued trading interest.

Castor seed lost the bullish momentum as spot demand weakened against rising prices. Increase in the All India arrivals kept sentiments weak in domestic markets of cotton and pushed Kapas, Cotton and Cotton cake futures lower. Turmeric was seen trading with a sideways trend during the recently ended week. Similar trends may be observed this week considering the existing trade atmosphere. Buyers are waiting for further clarity over this year’s crop size. Dhaniya and Jeera posted respectable gains over previous week but weekend profit taking eased the trend to some extent. Lower sowing acreage reports supported these counters.