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Bearish Trend Continues In Guar Gum, Seed Despite Lower Arrival In Mandis

16 Jan 2021 7:31 pm
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NEW DELHI (Commodities control) Bearish trend continued in guar complex in spot market of Rajasthan, Haryana and Gujarat. Gaur seed prices dropped further in majority of mandis during auction trading. Guar gum split, powder and guar korma also slipped down due to poor demand and negative sentiments.



Guar seed prices fell down up to Rs. 25 per quintal in majority of mandis. Millers and stockists were discouraged from poor demand of gum and powder. Bearish trend prevailed despite the fact that guar seed arrival was reducing in all the region. Total daily arrival came to around 20,000 bags from peak of 50,000 bags. Sriganganagar based trader Mr. Sushil Sharma said that daily arrival was reducing. Current arrival may not be enough to meet the demand of millers. He expects price rise in guar seed but current bearish demand of guar gum was not supporting market sentiments.



Traders count crude oil rigs in US and Canada to assess guar gum powder (Fast Hydration grade) demand. But gum powder demand was illusive till now. Down trend in guar korma also indicated bearish scenario from global market. guar korma slipped to Rs. 3975 per quintal in Jodhpur.


Commodity

Type/Variety

16-Jan

15-Jan

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3900-3920

3900-3920

0

Guar Seed- Loose

3700-3730

3700-3750

-20

Guar Gum Split

6060

6100

-40

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8150

8200

-50

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7350

7400

-50

Guar Korma

3975

4025

-50

Guar Meal (Choori)

2800

2800

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3800-3850

3850-3850

0

Guar Gum Split

6050

6100

-50

Bikaner, Rajasthan

Guar Seed- Loose

3680-3760

3600-3780

-20

Sriganganagar, Raj

Guar Seed-Loose

3450-3669

3480-3675

-6

Rajkot, Gujarat

Guar Seed- Loose

3550-3650

3250-3675

-25

Adampur, Haryana

Guar Seed-Loose

3600-3762

3600-3760

2

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


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