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Spot Guarseed/Guargum Tad Down On Subdued Cues

10 Jan 2017 6:17 pm
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MUMBAI (Commoditiescontrol) - Guarseed and Guargum edged tad down on Tuesday at the key spot markets across Rajasthan, Haryana and Gujarat due to higher supply and volatile futures.

Guarseed arrivals in the country today dropped to 34,500 (100kg each) from season high of 45,000 bags on previous session, according to trade sources.

Buyers were hesitant to make any large positions since previous session as supply in the spot market has rose sharply with weak cues from futures market. The benchmark February contract dropped 0.3 percent, or Rs 9 at Rs 3,309/100kg on the National Commodity & Derivatives Exchange Ltd (NCDEX). Guargum February futures ended flat at Rs 6,343.

Demand in Guargum is not very encouraging during the last couple of weeks as inquiries are only as per requirements, said a trader from Bikaner.

Further the current supplies are sufficient to meet poor demand from stockists and crushers, he said.

Stockists will enter for large quantity buying in case prices correct more than 3-4 percent, he noted.

Guargum at the Jodhpur market was offered at Rs 6,250, down Rs 25 from previous close.

Market Arrivals In Bag (100kg) Rates In Rs/100Kg
Bikaner 1100 3200-3235
Ellenabad 600 3225
Kalawali 500 3215
Pilibangan 100 3200
Unn 350 3185-3215
Goluwala 200 3170-3215
Nohar 1600 3210-3225
Hanumangarh 200 3175-3240
Gajsinghpur 500 3180-3235
Abohar 50 3180
Pugal 200 3200
Bhiwani 800 3160
Sahwa 200 3225
Srikaranpur 150 3180
Phalodi 300 3170
Rawla 600 3150-3200
Adampur 2200 3211
Sirsa 800 3235
Badmer 1500 3175-3180
Bajju 300 3200
Khajuwala 1500 3200-3215
Sadulsaher 150 3200-3225
Sumerpur 1100 3100-3200
Jaitsar 200 3160-3200
Vijaynagar 600 3220

(By Commoditiescontrol Bureau; +91-22-40015533)


       
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