Jodhpur, Feb 2 (Commoditiescontrol): Guar seed and gum prices experienced an upward trend in both the physical market and futures on Friday, driven by a surge in demand. Traders reported an increase in demand for guar gum and seed following a notable fall earlier in the week.
In the auctions, the average price range for guar seed was quoted at Rs 4700-5150 per quintal, with arrivals reaching around 14,000 bags on the day.
In the all-paid market, guar seed prices were noted at Rs 5400 per quintal. Guar gum prices in the benchmark market of Jodhpur stood at Rs 10,500 per quintal.
On the NCDEX, guar gum futures for delivery in Feb closed Rs 141 or 1.40% higher at Rs 10,108 per quintal. The session's low and high were recorded at Rs 10,245 and Rs 10,267, respectively.
Similarly, guar gum futures for delivery in March concluded Rs 158 or 1.54% higher at Rs 10,414 per quintal on the NCDEX, with the session's low and high at Rs 10,266 and Rs 10,428, respectively.
Guar seed futures for delivery in Feb settled Rs 65 or 1.22% higher at Rs 5,374 per quintal on the NCDEX, with the session's low and high at Rs 5,304 and Rs 5,375, respectively.
Meanwhile, guar seed futures for delivery in March settled Rs 64 or 1.19% higher at Rs 5,429 per quintal on the NCDEX, with the session's low and high at Rs 5,363 and Rs 5,435, respectively.
GuarSeed contract for FEB delivery settled at Rs 5374/quintal showing an rise of Rs 65 over previous close of Rs 5309/quintal,The contract moved in the range of Rs 5306-5375 for the day. Open interest decreased by -3870 MT to 45515 MT, while trading volume increased by 2805 to 15330 MT.
GuarSeed contract for MAR delivery settled at Rs 5429/quintal showing an rise of Rs 64 over previous close of Rs 5365/quintal,The contract moved in the range of Rs 5363-5435 for the day. Open interest increased by 3810 MT to 45965 MT, while trading volume increased by 3920 to 14955 MT.
Currently The spread between FEB and MAR contract is -55 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 02-Feb-2024, was 32304 MT
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GuarGum contract for FEB delivery settled at Rs 10245/quintal showing an rise of Rs 141 over previous close of Rs 10104/quintal,The contract moved in the range of Rs 10108-10267 for the day. Open interest decreased by -2310 MT to 26450 MT, while trading volume increased by 1525 to 6385 MT.
GuarGum contract for MAR delivery settled at Rs 10414/quintal showing an rise of Rs 158 over previous close of Rs 10256/quintal,The contract moved in the range of Rs 10266-10428 for the day. Open interest increased by 2435 MT to 32050 MT, while trading volume increased by 1665 to 7095 MT.
Currently The spread between FEB and MAR contract is -169 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 02-Feb-2024, was 32446 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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