Guar Seed and Gum Prices Remain Stable

Jodhpur, April 22 (Commoditiescontrol): Guar seed and gum prices maintained stability in the spot market on Monday, while futures saw a slight dip.

According to market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5200 per quintal. Additionally, in all paid markets, guar seed prices were also quoted at Rs 5500 per quintal. Guar gum prices remained unchanged at Rs 11,000 per quintal in the benchmark market of Jodhpur, with arrivals recorded at 5800 bags.

On the NCDEX, guar gum futures for delivery in May concluded Rs 15 or 0.14% lower at Rs 10,950 per quintal, with the session witnessing a low of Rs 10,851 and a high of Rs 11,010.

Similarly, guar seed futures for delivery in April settled Rs 17 or 0.31% down at Rs 5,508 per quintal on the NCDEX, with the session witnessing a low of Rs 5,572 and a high of Rs 5,544.

GuarSeed contract for MAY delivery settled at Rs 5508/quintal showing an fall of Rs -17 over previous close of Rs 5525/quintal,The contract moved in the range of Rs 5472-5544 for the day. Open interest increased by 60815 MT to 61030 MT, while trading volume increased by 18335 to 18545 MT.

GuarSeed contract for JUN delivery settled at Rs 5608/quintal showing an fall of Rs -32 over previous close of Rs 5640/quintal,The contract moved in the range of Rs 5608-5608 for the day. Open interest decreased by -64350 MT to 0 MT, while trading volume decreased by -16340 to 0 MT.

Currently The spread between MAY and JUN contract is -100 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 22-Apr-2024, was 32183 MT



GuarGum contract for MAY delivery settled at Rs 10950/quintal showing an fall of Rs -15 over previous close of Rs 10965/quintal,The contract moved in the range of Rs 10851-11010 for the day. Open interest increased by 42505 MT to 42935 MT, while trading volume increased by 8165 to 8565 MT.

GuarGum contract for JUN delivery settled at Rs 11100/quintal showing an fall of Rs -108 over previous close of Rs 11208/quintal,The contract moved in the range of Rs 11100-11100 for the day. Open interest decreased by -45410 MT to 0 MT, while trading volume decreased by -7580 to 0 MT.

Currently The spread between MAY and JUN contract is -150 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 22-Apr-2024, was 25271 MT

(By Commoditiescontrol Bureau: +91 9820130172)