Jodhpur, March 15 (Commoditiescontrol): Guar seed and gum prices remained stable in the physical market on Friday, while futures of guar exhibited mixed trends, with some ending down and others firm.
According to market sources, the average price range for guar seed in auctions was quoted at Rs 4,700-4,950 per quintal, with arrivals of around 9,000 bags reported for the day.
In all paid, guar seed prices were quoted at Rs 5,220 per quintal, while guar gum prices stood at Rs 10,300 per quintal in the benchmark market of Jodhpur.
On the NCDEX, guar gum futures for delivery in March concluded flat at Rs 9,976 per quintal, with the session witnessing a low of Rs 9,955 and a high of Rs 10,151.
Similarly, guar gum futures for delivery in April ended Rs 25 down at Rs 10,155 per quintal on the NCDEX, with the session's low and high recorded at Rs 10,153 and Rs 10,300, respectively.
Meanwhile, guar seed futures for delivery in March settled Rs 36 up at Rs 5,178 per quintal on the NCDEX, with the session's low and high reported at Rs 5,172 and Rs 5,178, respectively.
Similarly, guar seed futures for delivery in April settled Rs 7 up at Rs 5,238 per quintal on the NCDEX, with the session's low and high noted at Rs 5,228 and Rs 5,282, respectively.
The stability in guar seed and gum prices in the physical market reflects the balanced demand and supply trends, while the futures market showcases a mixed sentiment with some contracts experiencing downward pressure and others maintaining firmness.
GuarSeed contract for MAR delivery settled at Rs 5178/quintal showing an rise of Rs 36 over previous close of Rs 5142/quintal,The contract moved in the range of Rs 5172-5178 for the day. Open interest decreased by -2090 MT to 790 MT, while trading volume decreased by -11360 to 15 MT.
GuarSeed contract for APR delivery settled at Rs 5238/quintal showing an rise of Rs 7 over previous close of Rs 5231/quintal,The contract moved in the range of Rs 5228-5282 for the day. Open interest increased by 20 MT to 78365 MT, while trading volume decreased by -11920 to 10645 MT
Currently The spread between MAR and APR contract is -60 Rs/quintal
GUARSEED stock in NCDEX accredited warehouse as on 15-Mar-2024, was 36703 MT
GuarGum contract for MAR delivery settled at Rs 9976/quintal showing an was simillar of Rs 0 over previous close of Rs 9976/quintal,The contract moved in the range of Rs 9955-10151 for the day. Open interest decreased by -1340 MT to 300 MT, while trading volume decreased by -4675 to 80 MT.
GuarGum contract for APR delivery settled at Rs 10155/quintal showing an fall of Rs -25 over previous close of Rs 10180/quintal,The contract moved in the range of Rs 10153-10300 for the day. Open interest decreased by -105 MT to 46840 MT, while trading volume decreased by -4015 to 4720 MT
Currently The spread between MAR and APR contract is -179 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 15-Mar-2024, was 27550 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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