Jodhpur, April 23 (Commoditiescontrol): Guar seed and gum prices saw a slight uptick in both the spot market and futures trading on Tuesday. Declining stocks of guar seed coupled with consistent export demand for gum have contributed to the firming of prices, according to traders.
Market sources reported that the average price range for guar seed in auctions stood at Rs 5000-5250 per quintal. Additionally, guar seed prices in all paid transactions were quoted at Rs 5480 per quintal. Guar gum prices remained firm at Rs 11,050 per quintal in the benchmark market of Jodhpur, with arrivals totaling 6200 bags.
On the NCDEX, guar gum futures for May delivery closed Rs 30 higher or 0.27% at Rs 10,941 per quintal. The session's low and high were recorded at Rs 10,925 and Rs 11,050 respectively. Similarly, guar seed futures for April delivery settled Re 1 higher or 0.02% at Rs 5,495 per quintal on the NCDEX, with the session's low and high at Rs 5,488 and Rs 5,568 respectively.
The marginal increase in guar seed and gum prices reflects sustained demand, particularly in the export market, contributing to the overall firmness in prices. With declining stocks of guar seed and consistent export demand for gum, market experts anticipate prices to remain stable in the near term.
GuarSeed contract for MAY delivery settled at Rs 5495/quintal showing an rise of Rs 1 over previous close of Rs 5494/quintal,The contract moved in the range of Rs 5488-5568 for the day. Open interest decreased by -235 MT to 60795 MT, while trading volume decreased by -5225 to 13320 MT.
GuarSeed contract for JUN delivery settled at Rs 5567/quintal showing an was simillar of Rs 0 over previous close of Rs 5567/quintal,The contract moved in the range of Rs 5566-5618 for the day. Open interest increased by 10595 MT to 10595 MT, while trading volume increased by 3005 to 3005 MT.
Currently The spread between MAY and JUN contract is -72 Rs/quintal
GUARSEED stock in NCDEX accredited warehouse as on 23-Apr-2024, was 31686 MT
GuarGum contract for MAY delivery settled at Rs 10941/quintal showing an rise of Rs 30 over previous close of Rs 10911/quintal,The contract moved in the range of Rs 10925-11050 for the day. Open interest decreased by -875 MT to 42060 MT, while trading volume decreased by -2340 to 6225 MT.
GuarGum contract for JUN delivery settled at Rs 11092/quintal showing an rise of Rs 63 over previous close of Rs 11029/quintal,The contract moved in the range of Rs 11071-11178 for the day. Open interest increased by 8555 MT to 8555 MT, while trading volume increased by 2275 to 2275 MT.
Currently The spread between MAY and JUN contract is -151 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 23-Apr-2024, was 25182 MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
