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Heavy Selling In Futures Weighs on Spot Guar Gum,Seed

24 Sep 2020 7:26 pm
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NEW DELHI (Commodities control) - Guar gum and guar seed prices crashed today in Jodhpur and other mandis of Rajasthan and Haryana. Guar gum lost up Rs. 120 inching close to Rs. 6000 per quintal. Guar seed also touched low price level of Rs. 3800 per quintal, as it lost up to Rs. 75 per quintal.

There was speculation that some big selling in futures market led to fall in spot markets.

In Spot market, guar gum fell Rs. 120 to Rs. 6130 per quintal in Jodhpur. Guar seed also touched as low as Rs. 3800 per quintal with loss of Rs. 75 per quintal in Jodhpur. Same trend was recorded in Jaipur, Bikaner, Sriganganagar and Hissar. A Jodhpur based trader told that fundaments were already weak. Heavy selling futures dragged prices lower.


Guar gum October contracts fell Rs. 128 to Rs. 6022 per quintal. November contract cracked lower Rs. 137 per quintal. Guar seed October and November contracts fell Rs. 38 and 33 per quintal, respectively.


Commodity

Type/Variety

24-Sep

23-Sep

Change

Jodhpur, Rajasthan

Guar Seed

3800

3875

-75

Guar Gum Split

6130

6250

-120

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8200

8300

-100

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7400

7500

-100

Guar Korma

3900

3900

0

Guar Meal (Choori)

3000

3000

0

Jaipur, Rajasthan

Guar Seed

3800

3850

-50

Guar Gum Split

6050

6150

-100

Bikaner, Rajasthan

Guar Seed (Bilty)

3800

3870

-70

Sriganganagar, Raj.

Guar Seed (Bilty)

3820

3890

-70

Hissar, Haryana

Guar Seed (Bilty)

3850

3910

-60

Guar Gum Split

6100

6200

-100

(By Commoditiescontrol Bureau: +91-22-40015505)

       
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