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Guar seed, gum market likely to remain range bound in short-term

9 May 2022 5:23 pm
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Jodhpur,9 May (Commoditiescontrol) Guar seed and gum prices were a tad down on Monday amid normal trade. However, buyers are seen active at current prices, said a trade analyst. As per the analyst, guar gum has attracted good demand but buyers are not interested at higher level. Hence, prices are likely to remain range-bound in short-term.

Guar seed in auction was priced at Rs 5800 per quintal while rates in all paid were Rs 6050 per quintal. Guar seed prices were down by Rs 20-25 per quintal.

However, guar gum prices declined Rs 100 to Rs 11800 per quintal. As per the analyst, gum prices are likely to remain in the range of Rs 11500-12500 in the near term.

Guar seed for delivery in May on the NCDEX was Rs 103 or 0.88% down at Rs 11647 per quintal while low and high of the session were Rs 11515 and Rs 11889 respectively.

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