Login ID:
Password:
Partner Login
Contact Us : 7066511911

Guar Gum, Seed Prices Gain As Industry Expects Better Export Under Biden Regime

20 Jan 2021 8:57 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Market sentiment improved today guar gum industry expect some better gum export orders under new US president Joe Biden. Crude oil gained and it was traded at USD 56 per barrel. Guar gum split and powder prices gained up to Rs. 110 per quintal. Auction prices of guar seed also inched up in various mandis of Rajasthan, Haryana and Gujarat.



As per market source, guar gum powder usage will increase in crude oil and gas exploration in USA as new US president has intended climate friendly policies. As per his plan, US was intended to join global agreement on climate change. According to traders expectation, it show that new US administration will discourage shale oil and gas companies to use cheaper chemical based options for exploration. Therefore, oil companies will come back to buy guar gum powder which is climate friendly agent for exploration but it is costlier compared to chemicals.


Guar seed prices also gained up to Rs. 35 per quintal in various mandis. Guar gum and guar seed contracts also gained in NCDEX on investors’ buying.


Commodity

Type/Variety

20-Jan

19-Jan

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3850-3925

3850-3890

35

Guar Seed- Loose

3675-3750

3675-3725

25

Guar Gum Split

6150

6040

110

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8250

8150

100

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7450

7350

100

Guar Korma

4000

4000

0

Guar Meal (Choori)

2750

2750

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3800-3875

3800-3850

25

Guar Gum Split

6150

6050

100

Bikaner, Rajasthan

Guar Seed- Loose

3600-3795

3400-3760

35

Sriganganagar, Raj

Guar Seed-Loose

3475-3648

3500-3643

5

Rajkot, Gujarat

Guar Seed- Loose

3625-3700

3600-3675

25

Adampur, Haryana

Guar Seed-Loose

3600-3751

3600-3750

1

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


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Guar Korma Gains In Better Local, Export Demand, Gum Al...
Spot Guar Seed And Gum Gain As Sellers Reluctant At Cur...
Spot Guar Gum Gains Due To Positive Trend In Futures, S...
Traders Were Cautious Despite Gains In Guar, Gum, Dispa...
Spot Guar Trade Left Clueless As Operators Driving Mark...
more
Top 5 News
Red Chili Prices Lose Heat in Guntur & Warangal amid In...
Sugar Quota Swapping Led To Price Fall In Delhi, Kolkat...
BMD Close: Palm oil rallies, closed 142 RM on firm soy ...
Oilseed Commentary: NCDEX Soybean futures trade firm on...
Pulses commentary: Chana futures slashed lower on profi...
Top 5 Special Reports
Weekly: Prices of Most Pulses Slip, Barring Chana-Kabul...
Weekly: ICE Raw Sugar Ends Flat amid Mixed Fundamentals...
Weekly: NY Cotton Posts Second Weekly Decline amid Lack...
Weekly: Chana-Masoor Prices Gain Most This Week, Urad-...
Weekly: ICE Cotton Suffers First Weekly Drop in Februar...
Copyright © CC Commodity Info Services LLP. All rights reserved.