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Guar Complex Declines In Spot Markets, Profit Booking In Futures Dampens Sentiment

28 Oct 2020 6:51 pm
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NEW DELHI (Commodities control) Guar seed and guar gum lost up to Rs. 200 per quintal in spot markets of Rajasthan, Haryana and Gujarat. Spot demand of guar gum remained average, but guar seed demand was weak. Spot markets faced heavy losses, as it followed futures trend where profit booking dragged both the commodities to red.

Guar seed traded at Rs. 4150-4200 per quintal (Mill delivery) with loss of Rs. 25 in Jodhpur market of Rajasthan. But guar gum split registered loss of Rs. 100 to Rs. 6650 per quintal. Guar gum powder also declined in same proportion. Guar korma and Choori were stable in Jodhpur. In Jaipur, guar seed was sold at Rs. 4030-4080 per quintal with a loss of Rs. 30 per quintal. Guar gum also slipped Rs. 150 to Rs. 6650 per quintal.


New guar seed prices (Loose) also declined in various mandis. Guar seed was sold at Rs. 3500-4069 per quintal in Bikaner mandi. Lower range of seeds declined Rs. 200, as discoloured guar seed was sold at lower rate. In Shri Ganganagar mandi, seed was priced at Rs. 18 per quintal lower level.


As usual, guar gum and guar seed spot markets followed weak trend in futures. On NCDEX, guar gum contracts lost up to 2.62 percent, while guar seed contacts pared up to Rs. 1.79 percent because of heavy profit booking. Earlier, Guar contracts shot up to settle at higher levels.


Commodity

Type/Variety

28-Oct

27-Oct

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

4150-4200

4175-4225

-25

Guar Gum Split

6650

6750

-100

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8750

8850

-100

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7950

8050

-100

Guar Korma

4150

4150

0

Guar Meal (Choori)

3200

3200

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

4030-4080

4060-4100

-30

Guar Gum Split

6650

6800

-150

Bikaner, Rajasthan

Guar Seed- Loose

3500-4069

3700-4100

-200

Ganganagar, Raj

Guar Seed-Loose

3732-4121

3750-4132

-18

Rajkot, Gujarat

Guar Seed- Loose

3825-4015

3825-4015

0

Adampur, Haryana

Guar Seed-Loose

3900-4035

3900-4035

0

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


       
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