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Guar seed, gum prices edge lower as processors stay away

24 Jan 2022 8:36 pm
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Jodhpur, January 24 (Commoditiescontrol) Guar seed and gum prices edged lower in the physical market on Monday as processors were reluctant to carry out buying. However, export demand for gum is constantly seen. Weakness in the spot was also influenced by bearish trend at future trade as most active contract of guar gum ended over 1.7% down while guar seed declined more than 1% at local bourse.

Guar seed prices were at Rs 5300-5950 per quintal in auction in the major markets of Rajasthan while it was priced at Rs 6100 per quintal in all paid. Guar gum prices were quoted at Rs 11600 per quintal. Arrivals of guar seed across the country were around 18000 bags.

The processors are not getting parity in gaur seed, that’s why they are staying away, a trade analyst said.

According to Sushil Sharma, a trade analyst and Chief of Shubam Trading Company, Disparity in guar seed and gum is almost Rs 200 per quintal.

On the National Commodity and Derivatives Exchange, guar gum for delivery in February ended Rs 206 or 1.76% down at Rs 11,530 per quintal while low and high of the session were Rs 11,481 and Rs 11,820 respectively.

Guar seed futures for delivery in February ended Rs 64 or 1.02% down at Rs 6,220 per quintal while low and high of the session were Rs 6,185 and Rs 6,305 respectively on the NCDEX.

(By Commodities control Bureau; +91 9820130172)

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