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Guar seed, gum prices rally on strong demand

19 Sep 2022 6:46 pm
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Jodhpur, September 19 (Commoditiescontrol) Guar seed and gum prices rallied on Monday on strong demand. The exporter were actively buying guar gum. As per the trade analysts, firm trend in guar is likely to continue as crop size would be much lower than expected earlier.

After reports of crop damage due to lack of rains in the rain-fed areas of Rajasthan, the analysts, are of the opinion that yield of guar seed will remain low.

Guar seed prices gained Rs 150 per quintal while guar gum prices surged Rs 500 per quintal.

Guar seed prices were quoted at Rs 5340 per quintal in all paid. Old crop was quoted at Rs 4400-5000 per quintal in auction while new crop was offered at Rs 4300-4800 per quintal. Arrivals of new crops were 300 bags and old crop around 2600 bags.

Guar gum prices were quoted at Rs 10500 per quintal in the market of Jodhpur.

Guar gum futures for delivery in October on the NCDEX ended Rs 448 or 4.46 % higher at Rs 10490 per quintal while low and high of the session were Rs 10250 and Rs 10585 respectively.

Guar seed futures for delivery in October ended Rs 162 or 3.13% higher at Rs 5330 per quintal while low and high of the session were Rs 5230 and Rs 5382 respectively.

(By Commodities control Bureau; +91 9820130172)

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