Jodhpur, February 28 (Commodities Control): Guar seed and gum prices remained relatively stable in the spot market on Wednesday, with no significant changes observed in demand and supply trends. However, futures for both guar seed and gum witnessed a decline at the local bourse.
In guar seed auctions, the average price range was reported at Rs 4700-5050 per quintal, with arrivals around 15,000 bags for the day. Guar seed prices in all paid transactions were quoted at Rs 5350 per quintal. In the benchmark market of Jodhpur, guar gum prices stood at Rs 10,500 per quintal.
On the futures front, guar gum futures for delivery in March concluded nearly flat, decreasing by Rs 8 or 0.08% to settle at Rs 10,323 per quintal on the NCDEX. The session's low and high were recorded at Rs 10,301 and Rs 10,425, respectively.
Similarly, guar seed futures for delivery in March saw a decline of Rs 44 or 0.81%, settling at Rs 5,301 per quintal on the NCDEX. The session's low and high were reported at Rs 5,299 and Rs 5,375, respectively.
GuarSeed contract for MAR delivery settled at Rs 5301/quintal showing an fall of Rs -44 over previous close of Rs 5345/quintal,The contract moved in the range of Rs 5299-5375 for the day. Open interest decreased by -5940 MT to 56550 MT, while trading volume increased by 11280 to 23025 MT.
GuarSeed contract for APR delivery settled at Rs 5355/quintal showing an fall of Rs -44 over previous close of Rs 5399/quintal,The contract moved in the range of Rs 5352-5423 for the day. Open interest increased by 7185 MT to 31975 MT, while trading volume increased by 8920 to 13840 MT.
Currently The spread between MAR and APR contract is -54 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 28-Feb-2024, was 34812 MT
GuarGum contract for MAR delivery settled at Rs 10323/quintal showing an fall of Rs -8 over previous close of Rs 10331/quintal,The contract moved in the range of Rs 10301-10425 for the day. Open interest decreased by -4925 MT to 30415 MT, while trading volume increased by 4545 to 10855 MT.
GuarGum contract for APR delivery settled at Rs 10435/quintal showing an fall of Rs -22 over previous close of Rs 10457/quintal,The contract moved in the range of Rs 10425-10543 for the day. Open interest increased by 4995 MT to 23205 MT, while trading volume increased by 3700 to 8100 MT.
Currently The spread between MAR and APR contract is -112 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 28-Feb-2024, was 29001 MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
