Jodhpur, May 15 (Commoditiescontrol): Guar seed and gum prices witnessed a decline in both the physical market and futures trading on Wednesday, influenced by heightened arrivals and typical trading activities. Spot prices experienced a slight downturn, mirroring the subdued sentiment in futures markets.
According to market sources, the average price range for guar seed in auctions was recorded at Rs 5000-5200 per quintal.
In other markets, guar seed prices were quoted at Rs 5450 per quintal. Meanwhile, guar gum prices stood at Rs 10,800 per quintal in the benchmark market of Jodhpur, with arrivals totaling 7000 bags.
On the NCDEX, guar gum futures for May delivery concluded Rs 77 or 0.73% lower at Rs 10,540 per quintal, with session lows and highs recorded at Rs 10,540 and Rs 10,600 respectively.
Similarly, guar seed futures for May delivery settled Rs 62 or 1.63% down at Rs 5,410 per quintal on the NCDEX, with session lows and highs at Rs 5,410 and Rs 5,468 respectively.
GuarSeed contract for MAY delivery settled at Rs 5410/quintal showing an fall of Rs -62 over previous close of Rs 5472/quintal,The contract moved in the range of Rs 5410-5468 for the day. Open interest decreased by -145 MT to 980 MT, while trading volume increased by 15 to 170 MT.
GuarSeed contract for JUN delivery settled at Rs 5446/quintal showing an fall of Rs -22 over previous close of Rs 5468/quintal,The contract moved in the range of Rs 5423-5466 for the day. Open interest increased by 260 MT to 60225 MT, while trading volume increased by 225 to 7315 MT.
Currently The spread between MAY and JUN contract is -36 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 15-May-2024, was 24449 MT
GuarGum contract for MAY delivery settled at Rs 10540/quintal showing an fall of Rs -77 over previous close of Rs 10617/quintal,The contract moved in the range of Rs 10540-10600 for the day. Open interest decreased by -455 MT to 435 MT, while trading volume decreased by -40 to 235 MT.
GuarGum contract for JUN delivery settled at Rs 10685/quintal showing an fall of Rs -62 over previous close of Rs 10747/quintal,The contract moved in the range of Rs 10655-10750 for the day. Open interest decreased by -85 MT to 47750 MT, while trading volume increased by 420 to 3100 MT.
Currently The spread between MAY and JUN contract is -145 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 15-May-2024, was 24046 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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