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Corona Weighs On Guar Complex, Spot Prices Further Down In Rajasthan

24 Nov 2020 6:38 pm
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NEW DELHI (Commodities control) Guar complex further crashed today in spot markets of Rajasthan, Haryana and Gujarat. Spot prices lost up to 2-3 percent when future contracts touched similar low levels. However, the prices recovered partially in afternoon trading session. Finally, Spot prices lost around 1-1.5 percent while future contracts closed with losses of up to 1.22 percent.



New wave of corona infection in India and the world weighed on guar complex. The prospects for improvement in guar gum demand following increased number of rigs now seems to be shattered due to corona crisis. According to exporters, gum export cannot fulfil industries’ expectation until crude oil sector’s demand revives. Current situations are bigger chellange for the industry.



Weak gum demand and future’s downfall caused for heavy losses in mandis where farmers had to sell their crop as quite lower prices. Guar seed was sold as low as Rs. 3500 per quintal. Today, various mandis have lost up to Rs. 80 per quintal. Guar seed lower Rs. 50 to Rs 3750-3850 (Mill Delivery) in Jodhpur. Guar gum split and powder also lower Rs. 100 per quintal in the same market.


Commodity

Type/Variety

24-Nov

23-Nov

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3750-3800

3750-3850

-50

Guar Seed- Loose

3600-3700

3600-3750

-50

Guar Gum Split

5950

6050

-100

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8050

8150

-100

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7250

7350

-100

Guar Korma

4000-4050

4000-4050

0

Guar Meal (Choori)

2200-2500

2300-2600

-100

Jaipur, Rajasthan

Guar Seed- Mill Gate

3750

3780

-50

Guar Gum Split

5950

6050

-100

Bikaner, Rajasthan

Guar Seed- Loose

3600-3715

3600-3755

-80

Sri Ganganagar, Raj

Guar Seed-Loose

3500-3711

3550-3791

-41

Rajkot, Gujarat

Guar Seed- Loose

3650-3700

3650-3765

-50

Adampur, Haryana

Guar Seed-Loose

3600-3675

3600-3735

-61

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


       
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