Guar Seed Prices Hold Steady; No Change in Arrivals Noted

Jodhpur, Feb 16 (Commoditiescontrol): Guar seed prices in exhibited resilience, showing no notable changes. The overall market scenario remained stable, with arrivals of guar seed holding steady at 12,000 bags.

Market reports suggest that guar seed and gum prices have sustained their firm position in the spot market, driven by an increase in buying activities. Recent auction data indicates an average price range of Rs 4,700-5,050 per quintal for guar seed, underscoring the positive trend in the market.

Guar seed prices were quoted at Rs 5,320 per quintal. The benchmark market of Jodhpur reported guar gum prices standing at Rs 10,600 per quintal.

GuarSeed contract for FEB delivery settled at Rs 5305/quintal showing an fall of Rs -15 over previous close of Rs 5320/quintal,The contract moved in the range of Rs 5295-5320 for the day. Open interest decreased by -235 MT to 1935 MT, while trading volume decreased by -505 to 375 MT.

GuarSeed contract for MAR delivery settled at Rs 5373/quintal showing an rise of Rs 33 over previous close of Rs 5340/quintal,The contract moved in the range of Rs 5304-5378 for the day. Open interest increased by 420 MT to 84360 MT, while trading volume increased by 410 to 14790 MT.

Currently The spread between FEB and MAR contract is -68 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 16-Feb-2024, was 33387 MT



GuarGum contract for FEB delivery settled at Rs 10211/quintal showing an fall of Rs -96 over previous close of Rs 10307/quintal,The contract moved in the range of Rs 10211-10590 for the day. Open interest decreased by -215 MT to 630 MT, while trading volume decreased by -545 to 265 MT.

GuarGum contract for MAR delivery settled at Rs 10419/quintal showing an rise of Rs 110 over previous close of Rs 10309/quintal,The contract moved in the range of Rs 10242-10423 for the day. Open interest decreased by -560 MT to 48310 MT, while trading volume increased by 3000 to 8970 MT.

Currently The spread between FEB and MAR contract is -208 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 16-Feb-2024, was 30241 MT.

(By Commoditiescontrol Bureau: +91 9820130172)