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Guar Seed, Gum Extend Losses As Entire Complex Faces Weak Demand

28 Jan 2021 9:00 pm
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New Delhi (Commodities Control) Sharp down fall noted in guar seed in auction trading in mandis of Rajasthan, Gujarat and Haryana. Poor demand from Millers and stockists caused for down fall of up to Rs. 80 per quintal in various mandis. Guar gum prices also fell down by Rs. 50 per quintal in Jodhpur. Down ward trend in futures also put pressure in spot trading. Guar gum and seed prices were decreasing for last couple of days due to weak sentiments.



According to a broker from Jodhpur, entire guar complex was facing very weak demand. Guar gum powder makers were uncertain for demand so they were reluctant for gum buying. Poor offtake of gum powder makers sent negative indication to guar gum millers. They were forced to reduce their prices to attract buyers. Guar gum prices came down by Rs. 50 to Rs. 6100 per quintal in Jodhpur. Guar gum powder also fell down by Rs. 50 per quintal. Guar meal (Choori) also fell down by Rs. 50 per quintal.



Gum millers and stockists were reluctant for fresh buying of guar seed. Bikaner mandis recorded loss of Rs. 80 to 3600-3771 per quintal in auction trading of guar seed. The prices came down by Rs. 63 in Sriganganagar, Rs. 50 in Rajkot and Rs. 20 per quintal in Adampur. Guar gum and seed traders were desperately waiting for gum powder demand from foreign market but current uncertain economic conditions are not supportive.


Commodity

Type/Variety

28-Jan

27-Jan

Change

Jodhpur, Rajasthan

Guar Seed- Mill Gate

3850-3875

3850-3875

0

Guar Seed- Loose

3700-3750

3720-3760

-10

Guar Gum Split

6100

6150

-50

Guar Gum Powder

6000-7000 Viscosity (Drill Grade)

8200

8250

-50

Guar Gum Powder

5000-6000 Viscosity (Food Grade)

7400

7450

-50

Guar Korma

3975

3975

0

Guar Meal (Choori)

2700

2750

-50

Jaipur, Rajasthan

Guar Seed- Mill Gate

3775-3800

3800-3825

-25

Guar Gum Split

6150

6150

0

Bikaner, Rajasthan

Guar Seed- Loose

3600-3771

3700-3851

-80

Sriganganagar, Raj

Guar Seed-Loose

3481-3658

3578-3721

-63

Rajkot, Gujarat

Guar Seed- Loose

3500-3650

3500-3700

-50

Adampur, Haryana

Guar Seed-Loose

3600-3761

3600-3781

-20

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


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