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Guar Seed, Gum Spot Prices Follow Futures’ Uptrend, Wider Gap In Smaller Mandis

28 Sep 2020 6:33 pm
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NEW DELHI (Commodities control) Guar Seed and guar gum prices improved today as spot market of Rajasthan followed future market which gained today despite poor export demand. Various spot mandis in Rajasthan recorded new seed arrival. Seed was recorded at lower price in smaller mandis of Rajasthan. The traders felt that higher seed prices in future market made gum production unviable. Imbalance in prices is bigger problem of spot market.


Rajasthan trader Shripal Sarswat said that future prices were hovering Rs. 500-600 per quintal higher than mandi price. Price ratio between guar seed and guar gum disrupted. There was no demand for seed. It was difficult to assess the market trend. Such disconnect was visible in smaller markets clearly. New season’s guar seed arrival was picking up in small mandis. But the prices were quoted at very lower level. The difference between spot price of Jodhpur as well as in other major markets and future market was wider. Guar seed was sold in Jodhpur at Rs. 3875 per quintal (Mill Rate). Guar seed October contract was settle at Rs. 3975 per quintal at NCDEX. On the other hand, new guar seed was sold at Rs. 3636 and old guar at Rs. 3650 per quintal (Loose) in smaller mandi named Raisinghnagar. Guar was sold at Rs. 3300-3700 per quintal in Gajsinghpur of Rajasthan.

Commodity

Type/Variety

28-Sep

26-Sep

Change

Jodhpur, Rajasthan

Guar Seed- Mill Rate

3875

3850

25

Guar Gum Split

6250

6150

100

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8350

8200

150

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7550

7400

150

Guar Korma

3900

3900

0

Guar Meal (Choori)

3000

3000

0

Jaipur, Rajasthan

Guar Seed- Mill Rate

3850

3840

10

Guar Gum Split

6150

6050

100

Bikaner, Rajasthan

Guar Seed- Mill Rate

3840

3830

10

Sri Ganganagar, Raj

Guar Seed-Loose Old

3550-3714

3540-3700

14

Guar Seed-Loose New

3361-3624

3361-3624

0

Hissar, Haryana

Guar Seed (Bilty)

NA

NA

NA

Guar Gum Split

NA

NA

NA

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


       
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