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Spot Guar Seed And Gum Gain As Sellers Reluctant At Current Prices

5 Mar 2021 8:34 pm
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NEW DELHI (Commodities control) Guar gum and seed prices increased in spot market of Rajasthan, Gujarat and Haryana today. The spot market followed bullish future contracts of the commodities. Spot demand was also supportive as gum millers and powder makers were buying at current prices but sellers were not keen at current lower prices.



A Jodhpur based broker Mr. Nikhil Jain told that current prices of guar gum and seed were not attractive for sellers so they were least interested to off load their stocks. While, processors were buying regularly in certain quantity. Traders said that demand may be limited but local and export demand was constant. Another trader said that lower arrival was also issue for buyers. Stockists were keen to clear their last years stocks so proportion of old stock was as high as 35-40 percent of total arrival. Daily seed arrival was hovering at around 15000-17000 bags. Lower crop size was also restricting arrival. Farmers and stockists were retaining current year’s crop.



Guar gum prices gain Rs. 30 to Rs. 6060 per quintal in Jodhpur. Guar gum powder also gained Rs. 30 per quintal. Majority of markets and mandis have noted bullish trend in seed prices. Seed prices gained up to Rs. 30 per quintal. Guar gum millers have increased prices for seed buying. In NCDEX, guar gum and seed contracts gained up to 0.66 percent. However, guar seed May contract lost about 2 percent.


Commodity

Type/Variety

05-Mar

04-Mar

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3780-3880

3780-3850

30

Guar Seed- Loose

3625-3720

3625-3700

20

Guar Gum Split

6060

6030

30

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8160

8130

30

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7360

7330

30

Guar Korma

3850

3850

0

Guar Meal (Choori)

2700

2700

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3700-3750

3700-3750

0

Guar Gum Split

6075

6050

25

Bikaner, Rajasthan

Guar Seed- Loose

3625-3650

3625-3650

0

Sriganganagar, Raj

Guar Seed-Loose

3500-3671

3450-3654

17

Rajkot, Gujarat

Guar Seed- Loose

3500-3550

3500-3550

0

Adampur, Haryana

Guar Seed-Loose

3500-3693

3500-3681

12

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


       
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