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Down Trend Continues In Gaur Seed, Worries Of Weak Demand, Heavy Arrival

21 Nov 2020 6:46 pm
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NEW DELHI (Commodities control) Guar seed prices further lowered in spot markets of Rajasthan, Haryana and Gujarat. However, guar gum and other products remained stable amid thin trade on week end. Spot traders were lacking for future’s trend so guar gum and derivatives trade reduced.



Guar seed prices lost up to Rs. 55 per quintal. Guar seed lowered as low as Rs. 3500 per quintal. Highest traded prices also fell down from earlier highs of Rs. 4200 to Rs. 3850 per quintal after consecutive price fall in the commodity. According to traders, higher arrival of the seed and thin export demand for gum lead to pressure on prices. Heavy speculative trade in future market also caused for volatility. Earlier, guar gum and seed prices gained consecutively but it adopted downward trend around 15 days back.



Gaur seed arrival reached over 48,000 quintal in Friday which is considered higher supplies in current demand and consumption scenario. Guar seed prices will remain in bearish tone until there is signal of export demand revival. Guar gum and other products remained stable in Jodhpur.


Commodity

Type/Variety

21-Nov

20-Nov

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3800-3900

3850-3950

-50

Guar Seed- Loose

3650-3800

3700-3850

-50

Guar Gum Split

6150

6150

0

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8260

8260

0

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7450

7450

0

Guar Korma

4000-4050

4000-4050

0

Guar Meal (Choori)

2700-2900

2700-2900

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3830

3830

0

Guar Gum Split

6150

6150

0

Bikaner, Rajasthan

Guar Seed- Loose

3600-3835

3400-3867

-32

Sri Ganganagar, Raj

Guar Seed-Loose

3525-3832

3480-3805

27

Rajkot, Gujarat

Guar Seed- Loose

3700-3770

3700-3825

-55

Adampur, Haryana

Guar Seed-Loose

3600-3796

3600-3841

-45

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


       
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