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Guar Gum, Seed Prices Gain In Rajasthan On Upside Trend In Futures

8 Mar 2021 8:49 pm
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NEW DELHI (Commodities control) Guar complex improved today in spot market of Rajasthan, Gujarat and Haryana. Bullish guar gum and seed future contracts supported spot market. However, traders remained clueless about price direction.



Guar gum improved Rs. 30 to Rs. 6130 per quintal in Jodhpur. Gum was traded at Rs. 6100 per quintal in Jaipur. Guar gum powder also inched up in Rajasthan. However, guar korma and Choori remained stable at previous prices. Guar seed increased up to Rs. 25 per quintal in mandis. Auction trading was not held in Bikaner mandi due to some issues about commission and cash discount. But guar seed was traded up to Rs. 3700 per quintal in Bikaner mandis. Gum millers did not increase seed prices for fresh buying. Traders said that lower gum prices are not profitable for millers so they were least interested for fresh buying.



A trader from Bikaner Mr. Gopal Mittal said that guar gum export was still not supportive. Current export data is confusing. Guar gum and seed prices are not likely to find support in current scenario. Currently, guar complex is driven by futures’ operators. The prices of guar gum and seed gain on their buying for 2-3 days but declines on their selling.
Spot market remained directionless in the absence of clear fundamental.



Commodity

Type/Variety

08-Mar

06-Mar

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3820-3890

3820-3890

0

Guar Seed- Loose

3625-3750

3625-3725

25

Guar Gum Split

6130

6100

30

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8230

8200

30

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7430

7400

30

Guar Korma

3875

3875

0

Guar Meal (Choori)

2700

2700

0

Jaipur, Rajasthan

Guar Seed- Mill Gate

3700-3800

3700-3770

20

Guar Gum Split

6100

6100

0

Bikaner, Rajasthan

Guar Seed- Loose

3625-3700

3625-3675

25

Sriganganagar, Raj

Guar Seed-Loose

3450-3691

3500-3671

20

Rajkot, Gujarat

Guar Seed- Loose

3500-3550

3500-3550

0

Adampur, Haryana

Guar Seed-Loose

3500-3715

3500-3693

22

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


       
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