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Guar Gum Eases Down On Corona Worries, But Seed Gains On Stockistsí Buying

22 Jan 2021 8:42 pm
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NEW DELHI (Commodities control) Guar gum prices eased down today due to down fall in crude oil prices because of renewed worries for corona crisis at global level. Guar gum trade remained weak but seller were not keen to off load their stock at lower prices. Guar gum prices fell down slightly because of weak sentiments in future market. But price rally remained intact in guar seed prices as auction trading remained bullish.



There was reports suggesting higher corona cases in China. European Central Bank also warned for serious covid-19 risk as serious condition in entire Europe. Recent worries regarding corona cases dragged down crude oil and other commodities. Guar gum and seed contracts also retreated in NCDEX. Bullish trend in guar complex stopped today. There was weaker trade in guar gum. However, sellers were hesitant for selling their stock at lower prices as they hoped for quick price recovery. Guar complex had seed good appreciation in last couple of days in hope for better gum powder demand for crude oil exploration from the US as new US president’s policy for climate may encourage oil and gas companies to use guar gum instead of cheaper slick wate (FR technology).



But price rise in auction trading of guar seed showed optimism of recovery in prices. Guar seed prices increased Rs. 78 to Rs. 3560-3768 per quintal in Sriganganagar during auction trading. Other mandis of Rajasthan, Haryana and Gujarat also recorded healthy gains in seed prices during auction trading. According to traders, lower arrival also pushed up seed prices. Stockists rushed for buying as they expect good profit after some time due to lower crop estimate.


Commodity

Type/Variety

22-Jan

21-Jan

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3850-3950

3850-3950

0

Guar Seed- Loose

3750-3825

3750-3800

25

Guar Gum Split

6225

6260

-35

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8325

8350

-25

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7525

7550

-25

Guar Korma

3975

3975

0

Guar Meal (Choori)

2750

2750

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3800-3900

3800-3900

0

Guar Gum Split

6225

6250

-25

Bikaner, Rajasthan

Guar Seed- Loose

3675-3857

3400-3801

56

Sriganganagar, Raj

Guar Seed-Loose

3560-3768

3571-3690

78

Rajkot, Gujarat

Guar Seed- Loose

3675-3750

3600-3700

50

Adampur, Haryana

Guar Seed-Loose

3600-3826

3600-3771

55

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


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