Guar Seed and Gum Prices Decline Amid Profit-Booking

Jodhpur, July 4 (Commoditiescontrol): Prices of guar seed and gum fell on Thursday due to profit-booking. Following a rally in the previous session, some sellers sought to liquidate their stocks at higher rates, leading to increased arrivals in the market.

Market sources reported that the average price range for guar seed in auctions was quoted at Rs 5000-5150 per quintal. In all paid transactions, guar seed prices dropped by Rs 30, settling at Rs 5320 per quintal. Guar gum prices fell by Rs 50 to Rs 10,450 per quintal in the benchmark market of Jodhpur, with arrivals recorded at 7900 bags.

On the NCDEX, guar gum futures for delivery in July ended Rs 74 or 0.70% down at Rs 10,427 per quintal, with the session's low and high at Rs 10,262 and Rs 10,545 respectively. Guar seed futures for delivery in July settled Rs 31 or 0.58% lower at Rs 5,320 per quintal, with the session's low and high at Rs 5,301 and Rs 5,368 respectively.

GuarGum contract for JUL delivery settled at Rs 10427/quintal showing an fall of Rs -74 over previous close of Rs 10501/quintal,The contract moved in the range of Rs 10262-10545 for the day. Open interest decreased by -2260 MT to 21295 MT, while trading volume decreased by -1280 to 4930 MT.

GuarGum contract for AUG delivery settled at Rs 10606/quintal showing an fall of Rs -66 over previous close of Rs 10672/quintal,The contract moved in the range of Rs 10555-10724 for the day. Open interest increased by 2085 MT to 33395 MT, while trading volume decreased by -1125 to 8335 MT.

Currently The spread between JUL and AUG contract is -179 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 04-Jul-2024, was 22409 MT

GuarSeed contract for JUL delivery settled at Rs 5320/quintal showing an fall of Rs -31 over previous close of Rs 5351/quintal,The contract moved in the range of Rs 5301-5368 for the day. Open interest decreased by -1960 MT to 29165 MT, while trading volume decreased by -1170 to 11095 MT.

GuarSeed contract for AUG delivery settled at Rs 5401/quintal showing an fall of Rs -26 over previous close of Rs 5427/quintal,The contract moved in the range of Rs 5382-5445 for the day. Open interest increased by 4625 MT to 33830 MT, while trading volume decreased by -2955 to 17010 MT.

Currently The spread between JUL and AUG contract is -81 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 04-Jul-2024, was 20482 MT

(By Commoditiescontrol Bureau: +91 9820130172)