Jodhpur, August 8 (Commoditiescontrol) Guar seed and gum prices dropped in the physical markets on Monday taking weak cues from futures. Guar seed futures declined nearly 1.5% while guar gum dropped over 3% on profit-booking. The market witnessed negative sentiment as rains benefited crops in the rainfed area and irigated land as well.
Main gaur producing belts have received good rainfall so far.
Guar seed traded at Rs 4800 per quintal in all paid and Guar gum prices were quoted at Rs 8600 per quintal in the benchmark market of Jodhpur. Guar seed prices dropped 100 per quintal while gum prices declined Rs 250 per quintal. Arrivals of guar seed were around 4200 bags across the country today.
Guar seed futures for delivery in August ended Rs 72 or 1.48% down at Rs 4779 per quintal while low and high of the session were Rs 4767 and Rs 4890 respectively.
Guar gum futures for delivery in August ended Rs 269 or 3.08% down at Rs 8470 per quintal while low and high of the session were Rs 8440 and Rs 8810 respectively.
(By Commodities control Bureau; +91 9820130172)
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