NEW DELHI (Commodities control) Guar seed and gum prices remained bearish today in spot market of Rajasthan, Haryana and Gujarat amid thin trade. Spot guar markets was clueless in absence of direction from future market.
Guar seed prices came under pressure in mostly mandis during auction trading. The prices slipped up to Rs. 45 per quintal as guar gum millers and stockists did not show much interest. Downward trend in future trading on Friday was also critical factor for spot trading. Guar gum prices also decreased slightly as powder markers were absent in the market. According to market source, guar gum split millers and powder makers were not interested to close deal on week end. Therefore, overall trade was thin. Traders and millers will take view in coming week when they can get guidance from future trading. However, market sources said that macroeconomic indicators are very critical to assess gum powder demand from crude oil sector which is only driver for guar complex at current point of time.
Commodity
Type/Variety
23-Jan
22-Jan
Change
Jodhpur, Rajasthan
Guar Seed- Mill Gate
3850-3925
3850-3950
-25
Guar Seed- Loose
3750-3780
3750-3825
-45
Guar Gum Split
6200
6225
-25
Guar Gum Powder
6000-7000 Viscosity (Drill Grade)
8300
8325
-25
Guar Gum Powder
5000-6000 Viscosity (Food Grade)
7500
7525
-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
6200
6225
-25
Bikaner, Rajasthan
Guar Seed- Loose
3700-3825
3675-3857
-32
Sriganganagar, Raj
Guar Seed-Loose
3551-3738
3560-3768
-30
Rajkot, Gujarat
Guar Seed- Loose
3600-3750
3675-3750
0
Adampur, Haryana
Guar Seed-Loose
3600-3851
3600-3826
25
(By Commoditiescontrol Bureau: +91-22-40015505)
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