Guar Seed and Gum Spot Prices Stable; Futures See Marginal Decline

Jodhpur, April 25 (Commoditiescontrol): Guar seed and gum prices remained largely unchanged in the physical market on Thursday, while futures saw a slight decrease amid profit booking activities.

After experiencing gains in previous sessions, some profit-booking was observed in the futures market for guar seed and gum. Market sources reported that the average price range for guar seed in auctions was quoted at Rs 5000-5250 per quintal. Additionally, guar seed prices in all paid transactions were reported at Rs 5500 per quintal. Meanwhile, guar gum prices were quoted at Rs 11,250 per quintal in the benchmark market of Jodhpur, with arrivals totaling 6200 bags.

In futures trading, guar gum futures for delivery in May closed Rs 55 or 0.49% lower at Rs 11,180 per quintal on the NCDEX. The session saw a range of Rs 11,131 to Rs 11,335.

Similarly, guar seed futures for delivery in May settled Rs 19 or 0.34% lower at Rs 5,580 per quintal on the NCDEX. The session witnessed a low of Rs 5,564 and a high of Rs 5,630.

The marginal decline in futures prices reflects profit-taking activities following recent gains.

GuarSeed contract for MAY delivery settled at Rs 5580/quintal showing an fall of Rs -19 over previous close of Rs 5599/quintal,The contract moved in the range of Rs 5564-5630 for the day. Open interest decreased by -3525 MT to 55305 MT, while trading volume decreased by -10235 to 19285 MT.

GuarSeed contract for JUN delivery settled at Rs 5662/quintal showing an fall of Rs -17 over previous close of Rs 5679/quintal,The contract moved in the range of Rs 5644-5710 for the day. Open interest increased by 3815 MT to 17585 MT, while trading volume increased by 240 to 8450 MT.

Currently The spread between MAY and JUN contract is -82 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 25-Apr-2024, was 30898 MT

GuarGum contract for MAY delivery settled at Rs 11180/quintal showing an fall of Rs -55 over previous close of Rs 11235/quintal,The contract moved in the range of Rs 11131-11335 for the day. Open interest decreased by -2875 MT to 36165 MT, while trading volume decreased by -4925 to 8160 MT.

GuarGum contract for JUN delivery settled at Rs 11330/quintal showing an fall of Rs -58 over previous close of Rs 11388/quintal,The contract moved in the range of Rs 11288-11470 for the day. Open interest increased by 3505 MT to 16320 MT, while trading volume decreased by -1815 to 5150 MT.

Currently The spread between MAY and JUN contract is -150 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 25-Apr-2024, was 25301 MT

(By Commoditiescontrol Bureau: +91 9820130172)