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Guar market witnesses volatility due to disparity in seed, gum

23 Sep 2021 7:01 pm
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JODHPUR, Sept 23 (Commoditiescontrol) - The higher degree of disparity in the prices of guar seed and gum is the main reason for volatility in the trade of guar seed and its products, said a trade analyst. Guar seed and gum prices.

Guar seed prices were Rs 100 down at Rs 5,750 per quintal at Jodhpur, a benchmark market in Rajasthan. Guar gum was priced at Rs 9,650per quintal, down Rs 150 from last trading session.

At National Commodity and Derivatives Exchange (NCDEX),guar gum for delivery in October closed Rs 47 or 0.49 percent down at Rs 9,620 per quintal while the front month contract opened at Rs 9,602 and moved from Rs 9,452 to 9,721per quintal during the session.

Guar seed for delivery in October ended Rs 28 or 0.48 percent up at Rs 5,858 per quintal while lower and upper levels of the sessions remained Rs 5,764 and Rs 5,880 respectively.

As per the trade sources, recent rains have affected the crop in the irrigated land area of Haryana and Rajasthan where sowing normally begins earlier and harvesting has either begun or the crop is ready to harvest.

Arrivals of new crop of guar were estimated around 5,000 bags across the country today and new crop was priced in the range of Rs 5,000-5,500 per quintal.

(By Commodities control Bureau; +91 9820130172)


       
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