Jodhpur, Feb 14 (Commoditiescontrol): Guar seed and gum prices have remained firm in the spot market, amid an uptick in buying activities. Market reports indicate that the average price range for guar seed in recent auctions has been quoted at Rs 4700-5000 per quintal, reflecting the positive trend in the market. Today's arrivals of guar seed reached approximately 12,000 bags.
Notably, guar seed prices experienced a notable uptrend, rising by Rs 100 per quintal. Simultaneously, gum prices witnessed a robust increase, gaining Rs 200 per quintal on the day.
In the overall trade scenario, guar seed prices were quoted at Rs 5300 per quintal. Meanwhile, the benchmark market of Jodhpur reported guar gum prices at Rs 10,500 per quintal.
GuarSeed contract for FEB delivery settled at Rs 5219/quintal showing an rise of Rs 57 over previous close of Rs 5162/quintal,The contract moved in the range of Rs 5152-5238 for the day. Open interest was simillar by 0 MT to 10460 MT, while trading volume was simillar by 0 to 9375 MT.
GuarSeed contract for MAR delivery settled at Rs 5270/quintal showing an rise of Rs 48 over previous close of Rs 5222/quintal,The contract moved in the range of Rs 5215-5287 for the day. Open interest was simillar by 0 MT to 76950 MT, while trading volume was simillar by 0 to 17315 MT.
Currently The spread between FEB and MAR contract is -51 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 14-Feb-2024, was 33236 MT
GuarGum contract for FEB delivery settled at Rs 10010/quintal showing an rise of Rs 159 over previous close of Rs 9851/quintal,The contract moved in the range of Rs 9857-10051 for the day. Open interest was simillar by 0 MT to 5970 MT, while trading volume was simillar by 0 to 5330 MT.
GuarGum contract for MAR delivery settled at Rs 10111/quintal showing an rise of Rs 108 over previous close of Rs 10003/quintal,The contract moved in the range of Rs 9995-10178 for the day. Open interest was simillar by 0 MT to 48415 MT, while trading volume was simillar by 0 to 9700 MT.
Currently The spread between FEB and MAR contract is -101 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 14-Feb-2024, was 30122 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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