Jodhpur, June 28 (Commoditiescontrol) Guar seed and guar gum prices rallied on Tuesday recovering previous day’s losses which was influenced by the rains received recently. But, the trade analysts have to say that rainfed area of Rajasthan which covers western part of the state has received rains from western disturbances but this will not help increase in guar seed acreage.
In fact, farmers usually start sowing guar seed in this area from July 15. But this rainfall will intensify the cultivation of bajra, month and some other crops. If area of these crops increases, the area of guar seed will contract.
Guar seed prices were quoted at Rs 5000 per quintal in auction while it was offered at Rs 5200 per quintal in all paid. Guar gum prices were quoted at Rs 10000 per quintal.
Guar seed prices rose Rs 100 per quintal in the physical markets while guar gum prices gained Rs 200 per quintal.
Guar gum futures for delivery in July on the NCDEX ended Rs 231 or 2.38% up at Rs 9910 per quintal while low and high of the session were Rs 9620 and Rs 9970 respectively.
Guar seed futures for delivery in July on NCDEX ended Rs 85 or 1.63% up at Rs 5305 per quintal while low and high of the session were Rs 5195 and Rs 5329 respectively.
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