Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot Guar Trade Left Clueless As Operators Driving Market, Gum, Seed In Red

2 Mar 2021 8:37 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Guar seed and gum prices came under pressure as future contracts have recorded sharp fall due to heavy selling pressure by investors. Traders in spot market in Rajasthan, Gujarat and Haryana remained clueless about market direction. They said that spot trade have seed sharp decline due to weak export demand but future trade operators were driving market through speculative trading.



Traders said that export data was also confusing. Speculative export figures were circulated by future’s operators just to drive the market for their gains. Actual export demand was absent from the market. A trader from Rajasthan said that crude oil prices gained about USD 20 per barrel in last couple of days. It was good sign for guar gum export demand from the US. But other traders questioned of real impact on the market. Contradictory reports left spot trader clueless. Therefore, actual spot trade was reducing. Demand was very weak for each and every downstream product of guar seed.



Guar gum prices fell down by Rs. 80 to Rs. 5990 per quintal in Jodhpur. Guar gum powder and Guar korma also weakened in the absence of demand. Guar seed has noted down fall of up to Rs. 47 per quintal in auction and mill delivery trade. Gum millers have reduced buying prices by Rs. 25 to Rs. 3780-3825 per quintal in Jodhpur. Adamapur mandi has registered loss of Rs. 47 to Rs. 3500-3644 per quintal. Bikanet and Sriganganagar mandis also noted down fall. But guar seed arrival was nil in Rajkot mandi so no auction trade was recorded today.


Commodity

Type/Variety

02-Mar

01-Mar

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3780-3825

3800-3850

-25

Guar Seed- Loose

3625-3675

3625-3700

-25

Guar Gum Split

5990

6070

-80

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8100

8170

-70

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7300

7370

-70

Guar Korma

3825

3850

-25

Guar Meal (Choori)

2700

2700

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3700-3725

3725-3760

-35

Guar Gum Split

6040

6100

-60

Bikaner, Rajasthan

Guar Seed- Loose

3600-3650

3575-3675

-25

Sriganganagar, Raj

Guar Seed-Loose

3471-3650

3425-3666

-16

Rajkot, Gujarat

Guar Seed- Loose

3490-3550

3490-3550

0

Adampur, Haryana

Guar Seed-Loose

3500-3644

3500-3691

-47

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


       
  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
Spot Guar Seed, Gum Ease Down In Rajasthan, Mills Getti...
Guar Seed, Gum Gain In Rajasthan, Sentiments Turn To Po...
Spot Guar Seed noted mixed trend, Gum Rises On Better D...
Bearish Trend Remains Intact In Spot Guar Complex, Febr...
Muted Trend Noticed In Spot Guar Complex In Rajasthan, ...
more
Top 5 News
CBOT Close: CBOT Soybean close higher on fear of less a...
ICE Cotton Ends with Triple Digit Losses, Posts Triple ...
ICE Raw Sugar Settled at 1.5 Month Highs amid Fund Buyi...
Oilseeds Update: Additional 3% Margin to be imposed on ...
Chana Extends Gain in Spot Mkts Tracking Firm Futures, ...
Top 5 Special Reports
Crisis in Mozambique Could Mean Trouble for India's Foo...
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Weekly: Most Pulses Rise Over the Week Amid Mill Purcha...
Weekly: NY Cotton Gains For the First Time in Seven We...
Weekly: NY Sugar Ends Positive on Brazil Weather Concer...
Copyright © CC Commodity Info Services LLP. All rights reserved.