Login ID:
Password:
Partner Login
Contact Us : 7066511911

Bearish trend continues in guar gum, seed on high arrivals

29 Nov 2021 5:53 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Jodhpur, November 29 (Commoditiescontrol) Guar seed and gum prices continued their bearish trend on Monday due to high arrivals of new crop and weakness in future market. Guar gum and seed prices were down due to selling pressure, as per the trade analysts. Gum futures settled 2.50% down from the last session.


Guar seed for auction was at Rs 5300-5600 per quintal while it was offered at Rs 5750 per quintal in all paid. Guar gum prices traded at Rs 10,400 per quintal today.


Guar seed prices dropped Rs 150 per quintal while gum prices declined Rs 300 per quintal.

Arrivals were around 4300 bags.


At National Commodity and Derivatives Exchange, guar gum for delivery in December ended Rs 264 or 2.50% down at Rs 10,290 per quintal while prices of guar gum dropped to Rs 9,921 per quintal, lowest level since October 5, 2021 when priced fell to Rs 9,800 per quintal.

Guar seed for delivery in December ended at Rs 5,837 per quintal, down Rs 85 or 1.44% from the last session on the NCDEX.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Guar seed, gum prices fall on weak demand
Guar seed, gum trade firm on improved demand
Guar gum, seed trade firm in spot, futures
Guar seed, gum prices fall in spot, futures
Guar seed, gum market likely to remain range bound in ...
more
Top 5 News
Spot cumin seed prices mixed, futures drop over 1%
Moong trades higher at Rajkot-Washim amid less arrivals...
Gold gains as dollar slide amid growth worries sap risk...
Season 2021-22: Kapas arrivals at 15,250 bales on May 1...
Cotton stays unchanged in Maharashtra on limited buying...
Top 5 Special Reports
Sugar production rises 14% to 348.83 lakh tonnes in 20...
Stocks of wheat, canola, barley, dry peas, oats and len...
Lentil (Kolkata) Consolidating in an Uptrend (Rs. 6,8...
Soybean Meal (Indore) Counter-trend Decline / Next Su...
Pulses Import Data Month/Origin/Destination Wise 17 May...
Copyright © CC Commodity Info Services LLP. All rights reserved.