Jodhpur, Feb 07 (Commodities Control): Guar seed and gum prices experienced a marginal decline in both physical markets and futures, reversing the sharp rally witnessed in the previous session. According to traders, profit-booking activities contributed to the dip in prices.
In the auctions, the average price range for guar seed was reported at Rs 4600-5100 per quintal, reflecting a slight downturn. Guar seed arrivals stood at approximately 15,000 bags for the day. Additionally, guar seed prices in all paid markets were quoted at Rs 5300 per quintal. In the benchmark market of Jodhpur, guar gum prices were noted at Rs 10,400 per quintal.
While guar seed prices observed a decrease of Rs 50 per quintal, guar gum prices were down by Rs 100 per quintal.
On the NCDEX futures platform, guar gum futures for delivery in February concluded Rs 64 or 0.62% lower at Rs 10,202 per quintal. The session's low and high were recorded at Rs 10,200 and Rs 10,350, respectively.
Similarly, guar gum futures for delivery in March registered a decline of Rs 73 or 0.70%, settling at Rs 10,350 per quintal on the NCDEX. The low and high for the session were noted at Rs 10,350 and Rs 10,490, respectively.
Guar seed futures for delivery in February settled Rs 38 or 0.71% down at Rs 5,305 per quintal on the NCDEX, with the session's low and high reported at Rs 5,305 and Rs 5,360.
In tandem, guar seed futures for delivery in March closed Rs 39 or 0.72% lower at Rs 5,362 per quintal on the NCDEX, with the low and high recorded at Rs 5,361 and Rs 5,418.
GuarSeed contract for FEB delivery settled at Rs 5305/quintal showing an fall of Rs -38 over previous close of Rs 5343/quintal,The contract moved in the range of Rs 5305-5360 for the day. Open interest decreased by -3115 MT to 33045 MT, while trading volume decreased by -9690 to 7575 MT.
GuarSeed contract for MAR delivery settled at Rs 5362/quintal showing an fall of Rs -39 over previous close of Rs 5401/quintal,The contract moved in the range of Rs 5361-5418 for the day. Open interest increased by 3000 MT to 61390 MT, while trading volume decreased by -11460 to 12600 MT
Currently The spread between FEB and MAR contract is -57 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 07-Feb-2024, was 32574 MT
GuarGum contract for FEB delivery settled at Rs 10202/quintal showing an fall of Rs -64 over previous close of Rs 10266/quintal,The contract moved in the range of Rs 10200-10350 for the day. Open interest decreased by -2935 MT to 20150 MT, while trading volume increased by 660 to 6095 MT.
GuarGum contract for MAR delivery settled at Rs 10350/quintal showing an fall of Rs -73 over previous close of Rs 10423/quintal,The contract moved in the range of Rs 10350-10490 for the day. Open interest increased by 2920 MT to 37985 MT, while trading volume increased by 245 to 8550 MT.
Currently The spread between FEB and MAR contract is -148 Rs/quintal
GuarGum stock in NCDEX accredited warehouse as on 07-Feb-2024, was 31324 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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