Jodhpur, March 14 (Commoditiescontrol): Guar seed and gum prices remained steady in the spot market on Thursday, while futures experienced a downward trend influenced by weak demand-supply dynamics.
Market sources indicate that the average price range for guar seed in auctions hovered around Rs 4700-4950 per quintal, with arrivals totaling around 9,000 bags.
In all paid transactions, guar seed prices were quoted at Rs 5220 per quintal, while guar gum prices stood at Rs 10,300 per quintal in the benchmark market of Jodhpur.
On the NCDEX, guar gum futures for March delivery concluded Rs 115 or 1.14% lower at Rs 10,017 per quintal, with the session witnessing a range between Rs 9,955 and Rs 10,151. Similarly, April delivery futures closed Rs 66 or 0.64% down at Rs 10,190 per quintal, with the session recording a low and high of Rs 10,120 and Rs 10,284 respectively.
Meanwhile, guar seed futures for March delivery settled Rs 37 or 0.71% lower at Rs 5,150 per quintal on the NCDEX, with the session ranging between Rs 5,113 and Rs 5,200. April delivery futures ended Rs 21 or 0.40% down at Rs 5,234 per quintal, with the session witnessing a low and high of Rs 5,206 and Rs 5,272 respectively.
GuarSeed contract for MAR delivery settled at Rs 5150/quintal showing an fall of Rs -37 over previous close of Rs 5187/quintal,The contract moved in the range of Rs 5113-5200 for the day. Open interest decreased by -6225 MT to 2880 MT, while trading volume increased by 4385 to 11375 MT
GuarSeed contract for APR delivery settled at Rs 5234/quintal showing an fall of Rs -21 over previous close of Rs 5255/quintal,The contract moved in the range of Rs 5206-5272 for the day. Open interest increased by 4545 MT to 78345 MT, while trading volume increased by 8630 to 22565 MT.
Currently The spread between MAR and APR contract is -84 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 14-Mar-2024, was 36673 MT
GuarGum contract for MAR delivery settled at Rs 10017/quintal showing an fall of Rs -115 over previous close of Rs 10132/quintal,The contract moved in the range of Rs 9955-10151 for the day. Open interest decreased by -2920 MT to 1640 MT, while trading volume increased by 385 to 4755 MT.
GuarGum contract for APR delivery settled at Rs 10190/quintal showing an fall of Rs -66 over previous close of Rs 10256/quintal,The contract moved in the range of Rs 10120-10284 for the day. Open interest increased by 1715 MT to 46945 MT, while trading volume increased by 1670 to 8735 MT.
Currently The spread between MAR and APR contract is -173 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 14-Mar-2024, was 27440 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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