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Spot Guarseed Rises In Spot Markets; Guargum Extends Gain

17 Feb 2017 6:01 pm
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MUMBAI (Commoditiescontrol) – Guargum continued to perform better in the spot markets, whereas Guarseed notched fresh gain in major spot markets of Rajasthan, Haryana, Gujarat and Punjab on Friday.

Guarseed rose by Rs 25-40/100kg in the spot markets and Guargum edged higher by Rs 100-150/100kg, according to trade sources.

The rise in prices were mainly due to good demand in Guargum and reports that rainfall this season could be lower than average, they said.

A trader from Bikaner said "Couple of days Reuters new agency reported citing weather department official that rainfall this season may be lower than average due to absence of La Nina weather pattern."

He said "However it is too early to take long position in the commodity with view that rainfall will be short of average as India weather department official forecast likely by May month."

Guarseed supply in the country today totaled at 41,000 bags against 38,500 bags previous session.

India Guargum exports during the first nine month of current fiscal year 2016-17 (April-March) gained over 14 percent to 2.79 lakh tonnes against 2.45 lakh tonnes a year ago, according to Agricultural & Processed Food Products Export Development Authority (APEDA).

According to market Guargum exports from the country during the current financial year is expected to cross 3 lakh tonnes.

Guarseed March futures ended 1.03 percent, or Rs 34 higher at Rs 3,348/100kg on the National Commodity & Derivatives Exchange Ltd (NCDEX). March delivery Guargum gained 3.2 percent, or Rs 215 at Rs 6,944.

State Market Arrivals (100Kg Bag) Rates In Rs/100Kg
Punjab Abohar 100 3245
Punjab Adampur 3500 3245
Rajasthan Bhiwani 600 3100
Rajasthan Bikaner  800 3180-3225
Rajasthan Dabawali 300 3165
Haryana Ellenabad 450 3235
Rajasthan Gajsinghpur 300 3100-3165
Rajasthan Goluwala 200 3120-3215
Rajasthan Hanumangarh 300 3180-3240
Rajasthan Hissar 1000 3250
Rajasthan Jaitsar 200 3170
Rajasthan Khajuwala 700 3180-3210
Rajasthan Lunkaransar 400 3150
Rajasthan Pilibanga 200 3045-3180
Rajasthan Pugal 70 3180
Gujarat Rajkot 300 3050-3145
Rajasthan Rawatsar 400 3180-3240
Rajasthan Rawla 600 3150-3225
Rajasthan Sadulsaher 350 3100-3190
Rajasthan Sahwa 100 3200
Haryana Sirsa 1500 3200
Rajasthan Siwani 1500 3250
Rajasthan Srivijaynagar 500 3210
Rajasthan Unn 150 3200-3205

(By Commoditiescontrol Bureau; +91-22-40015533)

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