Jodhpur, February 6 (Commoditiescontrol) Guar seed and gum prices experienced a decline in major markets and futures on Monday, primarily attributed to profit-booking and subdued demand for these commodities.
According to market sources, the average price range for guar seed in auctions was quoted at Rs 4700-5150 per quintal, with arrivals of around 14,000 bags reported today.
In All Paid markets, guar seed prices were noted at Rs 5350 per quintal. Similarly, guar gum prices were reported at Rs 10,500 per quintal in the benchmark market of Jodhpur. Guar seed prices witnessed a decrease of Rs 100 per quintal, while guar gum prices saw a decline of Rs 200 per quintal.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum futures for delivery in February concluded Rs 194 or 1.93% higher at Rs 10,270 per quintal, with the session's low and high recorded at Rs 10,050 and Rs 10,295, respectively. Similarly, guar gum futures for delivery in March ended Rs 195 or 1.91% higher at Rs 10,430 per quintal, with the session's low and high at Rs 10,206 and Rs 10,450, respectively.
Guar seed futures for delivery in February settled Rs 60 or 1.13% higher at Rs 5,352 per quintal on the NCDEX, with the session's low and high recorded at Rs 5,269 and Rs 5,355, respectively. Guar seed futures for delivery in March settled Rs 61 or 1.14% higher at Rs 5,324 per quintal on the NCDEX, with the session's low and high at Rs 5,324 and Rs 5,410, respectively.
GuarSeed contract for FEB delivery settled at Rs 5352/quintal showing an rise of Rs 60 over previous close of Rs 5292/quintal,The contract moved in the range of Rs 5269-5355 for the day. Open interest decreased by -6895 MT to 36160 MT, while trading volume increased by 6545 to 17265 MT
GuarSeed contract for MAR delivery settled at Rs 5407/quintal showing an rise of Rs 61 over previous close of Rs 5346/quintal,The contract moved in the range of Rs 5324-5410 for the day. Open interest increased by 8795 MT to 58390 MT, while trading volume increased by 6450 to 24060 MT.
Currently The spread between FEB and MAR contract is -55 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 06-Feb-2024, was 32474 MT
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GuarGum contract for FEB delivery settled at Rs 10270/quintal showing an rise of Rs 194 over previous close of Rs 10076/quintal,The contract moved in the range of Rs 10050-10295 for the day. Open interest decreased by -1770 MT to 23085 MT, while trading volume increased by 360 to 5435 MT.
GuarGum contract for MAR delivery settled at Rs 10430/quintal showing an rise of Rs 195 over previous close of Rs 10235/quintal,The contract moved in the range of Rs 10206-10450 for the day. Open interest increased by 1980 MT to 35065 MT, while trading volume increased by 920 to 8305 MT.
Currently The spread between FEB and MAR contract is -160 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 06-Feb-2024, was 31374 MT
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(By Commoditiescontrol Bureau: +91 9820130172)
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