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Weak Futures Weigh on Guar Seed Prices In Rajasthan Mandis

29 Oct 2020 7:16 pm
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NEW DELHI (Commodities control) Heavy price fluctuations were witnessed in guar seed in spot markets across Rajasthan, Haryana and Gujarat. Guar seed lost Rs.15-175 per quintal. Steep price fall was recorded in mandis where farmers sold their crop in loose. Mill delivery guar seed has seen little price fall. Guar gum prices remained stable in spot markets.

Bearish sentiments were noted in spot market as it followed futures trading where guar gum November and January contracts settled lower, but December contracts was slightly up. Guar seed contracts of November, December and January contracts were also down. As per market sources, guar contracts were facing profit booking which lead to price fall.


Weak sentiments in futures drove mandis into heavy price fall where guar seed lost up to Rs. 175 per quintal. In Rajkot, guar seed was sold at Rs. 3650-3900 per quintal. Earlier, it traded at Rs. 3825-4015 per quintal. Guar seed fell Rs. 98 in Bikaner, Rs. 70 in Sri Ganganagar and Rs. 54 per quintal in Adampur.


Guar seed arrival have peaked. Around 43,400 bags arrival was recorded on Wednesday. Today the arrival was estimated to reduce at around 35000-38000 bags. The traders said that total production of guar seed will be drastically lower than last year. But there was no consensus on current season’s production figure.
Guar gum prices remained stable in Jodhpur and Jaipur where guar gum traded at Rs. 6650 per quintal.

Guar seed is arriving in all small and big mandis of Rajasthan, Haryana, Gujarat and Punjab. Guar seed was sold in Raisinghnagar Rs. 3800-4020, Rawala Rs. 3900-4010, Gajsinghpur Rs. 3850-4000, Anupgarh Rs. 3700-4042, Sirsa Rs. 3550-3935, Shrivijaynagar Rs. 3900-4050, Pilibanga Rs. 3600-4050, Jaitsar Rs. 3800-3990, Hissar Rs. 3700-3900, Raisinghpurnagar 3700-3950, Hanumangarh Rs. 3700-4015, Suratgarh Rs. 3775-3921 and Khulawala Rs. 4000-4100 per quintal.


Commodity

Type/Variety

29-Oct

27-Oct

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

4125-4175

4150-4200

-25

Guar Gum Split

6650

6650

0

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8750

8750

0

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7950

7950

0

Guar Korma

4150

4150

0

Guar Meal (Choori)

3200

3200

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

4075

4090

-15

Guar Gum Split

6650

6650

0

Bikaner, Rajasthan

Guar Seed- Loose

3500-3971

3500-4069

-98

Sri Ganganagar, Raj

Guar Seed-Loose

3700-4051

3732-4121

-70

Rajkot, Gujarat

Guar Seed- Loose

3650-3900

3825-4015

-175

Adampur, Haryana

Guar Seed-Loose

3900-3979

3900-4035

-54

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


       
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