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Price Fall Continues In Guar Complex; Poor Exports, Economic Worries Key Factors

23 Nov 2020 7:03 pm
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NEW DELHI (Commodities control) Downward price trend continued today in guar complex in spot markets of Rajasthan, Haryana and Gujarat. Economic worries and weak export demand remained key factors for the depression. In futures market (NCDEX), guar seed contracts lost up to 2.67 percent (up to Rs. 109 per quintal) due to heavy selling pressure.


Guar gum lost Rs. 100 per quintal in Jodhpur. It traded at around Rs. 6050 per quintal. Guar gum powder also slipped Rs. 100 per quintal. Guar seed witnessed price fall of up to Rs. 80 per quintal. The seed traded at Rs. 3750-3850 per quintal (Mill Delivery) in Jodhpur. Auction prices lowered by Rs. 80 per quintal in mandis. The seed was auctioned below Rs. 3800 per quintal at most of the mandis.


According to market participants, poor export demand and economic worries weigh on guar prices. In October, guar gum powder exports dropped to 13,567 MT. While total guar gum and other products export was 19,507 MT. Data reveals that total export halved to 129,480 MT in first seven months of current FY 2020-21. India had exported 249,699 MT guar products in same period of last year.

Commodity

Type/Variety

23-Nov

21-Nov

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3750-3850

3800-3900

-50

Guar Seed- Loose

3600-3750

3650-3800

-50

Guar Gum Split

6050

6150

-100

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8150

8250

-100

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7350

7450

-100

Guar Korma

4000-4050

4000-4050

0

Guar Meal (Choori)

2700-2900

2700-2900

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3780

3830

-50

Guar Gum Split

6050

6150

-100

Bikaner, Rajasthan

Guar Seed- Loose

3600-3755

3600-3835

-80

Sri Ganganagar, Raj

Guar Seed-Loose

3550-3791

3525-3832

-41

Rajkot, Gujarat

Guar Seed- Loose

3650-3765

3700-3770

-50

Adampur, Haryana

Guar Seed-Loose

3600-3735

3600-3796

-61

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


       
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