Jodhpur, February 9 (CommoditiesControl): Guar seed and gum prices experienced a downward trend in both physical markets and futures on Friday, reflecting the impact of slow demand. Market sources attribute the decline to a combination of factors, including the prevailing market trends and demand conditions.
In auctions, the average price range for guar seed was reported at Rs 4600-5060 per quintal, with arrivals totaling around 13,000 bags on the day. Additionally, in all paid transactions, guar seed prices were quoted at Rs 5250 per quintal. Meanwhile, guar gum prices witnessed a dip, reaching Rs 10,300 per quintal in the benchmark market of Jodhpur.
On the futures front, guar gum futures for delivery in February closed Rs 120 or 1.18% lower at Rs 10,030 per quintal on the NCDEX. The session's range fluctuated between Rs 9995 and Rs 10,185. Similarly, guar gum futures for delivery in March ended Rs 99 or 0.96% lower at Rs 10,185 per quintal on the NCDEX, with a session range of Rs 10,142 to Rs 10,345.
Guar seed futures for delivery in February settled Rs 80 or 1.51% down at Rs 5,215 per quintal on the NCDEX, with a low and high of Rs 5,210 and Rs 5,310, respectively. For March delivery, guar seed futures settled Rs 84 or 1.57% lower at Rs 5,265 per quintal on the NCDEX, with a session range between Rs 5,263 and Rs 5,366.
GuarSeed contract for FEB delivery settled at Rs 5215/quintal showing an fall of Rs -80 over previous close of Rs 5295/quintal,The contract moved in the range of Rs 5210-5310 for the day. Open interest decreased by -7715 MT to 22150 MT, while trading volume increased by 10510 to 15215 MT.
GuarSeed contract for MAR delivery settled at Rs 5265/quintal showing an fall of Rs -84 over previous close of Rs 5349/quintal,The contract moved in the range of Rs 5263-5366 for the day. Open interest increased by 5325 MT to 69675 MT, while trading volume increased by 12605 to 24005 MT.
Currently The spread between FEB and MAR contract is -50 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 09-Feb-2024, was 32713 MT
GuarGum contract for FEB delivery settled at Rs 10030/quintal showing an fall of Rs -120 over previous close of Rs 10150/quintal,The contract moved in the range of Rs 9995-10185 for the day. Open interest decreased by -3920 MT to 14335 MT, while trading volume increased by 2600 to 6320 MT.
GuarGum contract for MAR delivery settled at Rs 10185/quintal showing an fall of Rs -99 over previous close of Rs 10284/quintal,The contract moved in the range of Rs 10142-10345 for the day. Open interest increased by 3180 MT to 42960 MT, while trading volume increased by 4760 to 9785 MT.
Currently The spread between FEB and MAR contract is -155 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 09-Feb-2024, was 31020 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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