Jodhpur, March 7 (Commoditiescontrol) Prices for guar seed and gum strengthened in the physical market on Wednesday due to increased buying. In contrast, futures contracts settled nearly flat. Guar gum futures for the current month saw a slight increase, while guar seed futures remained largely unchanged.
Market sources indicate an average auction price range for guar seed of Rs 4700-4950 per quintal. Approximately 14,000 bags of guar seed arrived today.
Overall, guar seed prices were quoted at Rs 5220 per quintal, with guar gum prices at Rs 10,300 per quintal in the Jodhpur benchmark market.
GuarSeed contract for MAR delivery settled at Rs 5150/quintal showing an fall of Rs -30 over previous close of Rs 5180/quintal,The contract moved in the range of Rs 5150-5225 for the day. Open interest decreased by -5200 MT to 24420 MT, while trading volume increased by 3965 to 12315 MT.
GuarSeed contract for APR delivery settled at Rs 5213/quintal showing an fall of Rs -28 over previous close of Rs 5241/quintal,The contract moved in the range of Rs 5203-5288 for the day. Open interest increased by 3995 MT to 58700 MT, while trading volume increased by 8375 to 22910 MT.
Currently The spread between MAR and APR contract is -63 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 07-Mar-2024, was 36238 MT
GuarGum contract for MAR delivery settled at Rs 10020/quintal showing an fall of Rs -3 over previous close of Rs 10023/quintal,The contract moved in the range of Rs 9965-10160 for the day. Open interest decreased by -3035 MT to 15335 MT, while trading volume increased by 1920 to 5880 MT.
GuarGum contract for APR delivery settled at Rs 10111/quintal showing an fall of Rs -21 over previous close of Rs 10132/quintal,The contract moved in the range of Rs 10080-10275 for the day. Open interest increased by 2710 MT to 37660 MT, while trading volume increased by 3920 to 8885 MT.
Currently The spread between MAR and APR contract is -91 Rs/quintal
GuarGum stock in NCDEX accredited warehouse as on 07-Mar-2024, was 28477 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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