Guar Seed and Gum Spot Prices Remain Stable; Slight Downturn Noted in Futures

Jodhpur, April 15 (Commoditiescontrol): Guar seed and gum prices remained largely unchanged on Monday in the spot market, while futures witnessed a slight downturn at the local bourse. Demand for guar gum softened at higher levels, according to market sources.

In auctions, the average price range for guar seed was reported at Rs 4,900-5,100 per quintal. Additionally, all paid guar seed prices stood at Rs 5,400 per quintal. Guar gum prices were quoted at Rs 11,000 per quintal in the benchmark market of Jodhpur. Today's arrivals amounted to 7,400 bags.

On the NCDEX, guar gum futures for delivery in May closed Rs 58 or 0.53% lower at Rs 10,858 per quintal. The session saw a range of Rs 10,763 to Rs 11,180.

Similarly, guar seed futures for delivery in April settled Rs 15 or 0.27% lower at Rs 5,466 per quintal on the NCDEX. The session's range was Rs 5,440 to Rs 5,579.

GuarSeed contract for APR delivery settled at Rs 5466/quintal showing an rise of Rs 33 over previous close of Rs 5433/quintal,The contract moved in the range of Rs 5370-5577 for the day. Open interest decreased by -2810 MT to 2195 MT, while trading volume decreased by -14630 to 870 MT.

GuarSeed contract for MAY delivery settled at Rs 5466/quintal showing an fall of Rs -15 over previous close of Rs 5481/quintal,The contract moved in the range of Rs 5440-5579 for the day. Open interest decreased by -995 MT to 67625 MT, while trading volume decreased by -3390 to 35165 MT

Currently The spread between APR and MAY contract is 0 Rs/quintal

GUARSEED stock in NCDEX accredited warehouse as on 15-Apr-2024, was 34025 MT

GuarGum contract for APR delivery settled at Rs 10750/quintal showing an fall of Rs -9 over previous close of Rs 10759/quintal,The contract moved in the range of Rs 10725-10921 for the day. Open interest decreased by -300 MT to 580 MT, while trading volume decreased by -7565 to 65 MT

GuarGum contract for MAY delivery settled at Rs 10858/quintal showing an fall of Rs -58 over previous close of Rs 10916/quintal,The contract moved in the range of Rs 10763-11180 for the day. Open interest increased by 230 MT to 48925 MT, while trading volume decreased by -3025 to 15775 MT

Currently The spread between APR and MAY contract is -108 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 15-Apr-2024, was 24995 MT

(By Commoditiescontrol Bureau: +91 9820130172)