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Spot Guar Gum Strengthens On Higher Demand, Seed Slumps In Rajasthan

26 Oct 2020 7:05 pm
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NEW DELHI (Commodities control) Guar complex recorded mixed trend in spot markets of Rajasthan, Haryana and Gujarat, as guar gum continued upside move while guar seed prices slipped in red zone.

According to market sources, current level of guar gum is very attractive as compared to seed. Now, guar gum was in demand due to it’s price levels. But guar seed came into pressure due to profit booking on futures amid higher prices.

Guar gum and guar seed prices came under pressue during the morning trade session of spot market, as futures slipped lower. But guar gum turned positive in afternoon as guar gum became attractive at prevailing rates, for spot traders.

Weaker crude oil dampened guar gum prices in last few months, so the processed products witnessed sharp fall compared to seed. Therefore, ideal ratio of the two products disrupted. As economic activities rebound, the guar gum demand will likely pick up in a bit. Traders are, therefore, hopeful of handsome profit in future.


But guar seed witnessed lower trend throughout the session. Current price levels led futures traders to book profits, pushing guar seed prices lower. Guar seed traded with losses in major markets tracking futures. Guar seed lost up to Rs. 50 per quintal in many markets, while few markets recorded higher prices due to other reasons. On NCDEX, Guar gum contracts were up more than a percent, but guar seed November futures dipped a bit.


Guar seed is arriving in all small and big mandis of Rajasthan, Haryana, Gujarat and Punjab. Guar seed was sold in Raisinghnagar Rs. 3700-4022, Rawala Rs. 3800-3950, Nagaur Rs. 3800-3875, Gajsinghpur Rs. 3860-3931, Sadulshahar 3400-3911, Bisnagar (Gujarat) 3350-3915, Anupgarh Rs. 3870-4011, Sirsa Rs. 35
50-3951, Shrivijaynagar Rs. 3800-3950, Pilibanga Rs. 3500-3950, Jaitpur Rs. 3750-3980, Hissar Rs. 3700-2955, Raisinghpurnagar 3700-3950 and Sardarshahar Rs. 3880-3920 per quintal.


Commodity

Type/Variety

26-Oct

24-Oct

Change

Jodhpur, Rajasthan

Guar Seed- Mill Rate

4100

4125

-25

Guar Gum Split

6650

6600

50

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8750

8700

50

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7950

7900

50

Guar Korma

4150

4150

0

Guar Meal (Choori)

3200

3200

0

Jaipur, Rajasthan

Guar Seed- Mill Rate

4075

4075

0

Guar Gum Split

6625

6600

25

Bikaner, Rajasthan

Guar Seed- Loose

3500-3985

3500-4035

-50

Sri Ganganagar, Raj

Guar Seed-Loose

3600-3972

3650-3934

-50

Rajkot, Gujarat

Guar Seed- Loose

3825-3965

3700-3875

125

Adampur, Haryana

Guar Seed-Loose

3725-3900

3725-3825

75

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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