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Guar Gum Complex Turns To Positive On Optimism For Economic Recovery

25 Nov 2020 6:54 pm
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NEW DELHI (Commodities control) Guar gum and seed prices recovered after steep fall in last couple of days. Spot markets of Rajasthan, Haryana and Gujarat followed future’s trend which gained up to one percent today. According to market experts, future markets improved today after indication for economic recovery which will lead to better demand for guar gum.



Downtrend in Gold prices indicated that global economy will recover from Corona crisis. It means that guar gum demand will also increase. Such optimism became a point where guar complex turned to positive tone. Guar gum and guar seed contracts gained up to one percent in NCDEX.



Such optimism raise the mood of spot markets of guar producing states. In Jodhpur, guar seed (Loose in Mandi) gained Rs. 50 per quintal while mill delivery prices also gained Rs. 20 per quintal. Guar gum and gum powder also rose Rs. 50 per quintal. However, Guar Choori fell down due to poor demand. Jaipur market also followed Jodhpur market.



But there was mixed trend in guar seed prices in mandis of the producing states. Guar seed fell down in Sriganganagar and Adampur but Gained in Rajkot and Bikaner. According to traders, local arrival and quality were key factors for price determination in producing mandis.

Commodity

Type/Variety

25-Nov

24-Nov

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3850-3870

3830-3850

20

Guar Seed- Loose

3600-3750

3600-3700

50

Guar Gum Split

6000

5950

50

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8100

8050

50

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7300

7250

50

Guar Korma

4050-4060

4050-4060

0

Guar Meal (Choori)

2100-2160

2150-2200

-50

Jaipur, Rajasthan

Guar Seed- Mill Gate

3770

3750

20

Guar Gum Split

6000

5950

50

Bikaner, Rajasthan

Guar Seed- Loose

3500-3751

3500-3715

36

Sri Ganganagar, Raj

Guar Seed-Loose

3490-3678

3500-3711

-23

Rajkot, Gujarat

Guar Seed- Loose

3650-3715

3650-3700

15

Adampur, Haryana

Guar Seed-Loose

3600-3654

3600-3675

-21

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


       
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