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GUAREX
August 28 , 2021
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- India’s first sectoral index in the Agri commodities basket i.e. GUAREX was launched by the National Commodity and Derivatives Exchange Limited (NCDEX).
- GUAREX is a price based sectoral index that tracks the movement in the futures contracts of guar gum refined splits and guar seed on a real-time basis.
- This index product will offer a lot of opportunities to the value chain.
- The weightage of guar seed and guar gum refined splits in the index will be 63 per cent and 37 per cent, respectively.
- India is the world’s largest guar producer.
- Rajasthan is the country’s top producer.
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