Jodhpur, May 28 (Commoditiescontrol): Guar seed and gum prices remained steady in the spot market on Tuesday amid normal demand, while arrivals saw a slight decrease. However, futures recovered and settled slightly up, reflecting a rebound from considerable price drops. Market analysts predict that prices of guar seed and gum are likely to remain firm in the near term.
The average price range for guar seed in auctions was quoted at Rs 5000-5250 per quintal, as per market sources. In the benchmark market of Jodhpur, guar seed prices were quoted at Rs 5480 per quintal, down by Rs 20 per quintal. Guar gum prices remained flat at Rs 10,900 per quintal, with arrivals reported at 6600 bags.
On the NCDEX, guar gum futures for delivery in June ended Rs 29 or 0.27% up at Rs 10,707 per quintal. The session's low and high were Rs 10,617 and Rs 10,764 respectively. Similarly, guar seed futures for delivery in June settled Rs 15 or 0.27% up at Rs 5,477 per quintal. The session's low and high were Rs 5,448 and Rs 5,509 respectively.
GuarSeed contract for JUN delivery settled at Rs 5477/quintal showing an rise of Rs 15 over previous close of Rs 5462/quintal,The contract moved in the range of Rs 5448-5509 for the day. Open interest decreased by -2575 MT to 44520 MT, while trading volume increased by 660 to 12215 MT.
GuarSeed contract for JUL delivery settled at Rs 5536/quintal showing an rise of Rs 16 over previous close of Rs 5520/quintal,The contract moved in the range of Rs 5504-5560 for the day. Open interest increased by 3075 MT to 16905 MT, while trading volume increased by 4545 to 8345 MT.
Currently The spread between JUN and JUL contract is -59 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 28-May-2024, was 22959 MT
GuarGum contract for JUN delivery settled at Rs 10707/quintal showing an rise of Rs 29 over previous close of Rs 10678/quintal,The contract moved in the range of Rs 10617-10764 for the day. Open interest decreased by -3650 MT to 35405 MT, while trading volume increased by 2700 to 7550 MT
GuarGum contract for JUL delivery settled at Rs 10851/quintal showing an rise of Rs 33 over previous close of Rs 10818/quintal,The contract moved in the range of Rs 10751-10898 for the day. Open interest increased by 3445 MT to 15515 MT, while trading volume increased by 2950 to 6370 MT.
Currently The spread between JUN and JUL contract is -144 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 28-May-2024, was 24242 MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
