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Guar Seed and Gum Prices Steady in Spot Market; Futures Market Decline on Profit-Booking

22 Feb 2024 6:52 pm
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Jodhpur, Feb 22 (Commoditiescontrol): Guar seed and gum prices remained unchanged in the spot market on Thursday, while futures witnessed a decline due to profit-booking after two consecutive sessions of a firmer tone. The average price range for guar seed in auctions was quoted at Rs 4,800-5,150 per quintal, with arrivals of around 15,000 bags on the day.

In the all-paid market, guar seed prices were reported at Rs 5,400 per quintal. Meanwhile, guar gum prices stood at Rs 10,700 per quintal in the benchmark market of Jodhpur.

Guar gum futures for delivery in March closed Rs 107 or 1.01% down at Rs 10,465 per quintal on the NCDEX. The session's low and high were Rs 10,451 and Rs 10,564, respectively.

Guar seed futures for delivery in March settled Rs 45 or 0.83% down at Rs 5,403 per quintal on the NCDEX. The session's low and high were Rs 5,403 and Rs 5,458, respectively.



GuarSeed contract for MAR delivery settled at Rs 5403/quintal showing an fall of Rs -45 over previous close of Rs 5448/quintal,The contract moved in the range of Rs 5403-5458 for the day. Open interest decreased by -4875 MT to 73890 MT, while trading volume decreased by -12240 to 13590 MT.

GuarSeed contract for APR delivery settled at Rs 5462/quintal showing an fall of Rs -41 over previous close of Rs 5503/quintal,The contract moved in the range of Rs 5461-5513 for the day. Open interest increased by 4480 MT to 12870 MT, while trading volume decreased by -3065 to 4075 MT.

Currently The spread between MAR and APR contract is -59 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 21-Feb-2024, was 33707
(By Commoditiescontrol Bureau: +91-98201 30172)


       
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