Guar Seed and Gum Prices Witness Upward Trend

Jodhpur, April 16 (Commoditiescontrol): Guar seed and gum prices registered gains on Tuesday both in the spot market and futures trading.

According to market sources, the average price range for guar seed in auctions was quoted at Rs 4,900-5,150 per quintal. Additionally, in all paid transactions, guar seed prices were quoted at Rs 5,450 per quintal. Guar gum prices saw an uptick, quoted at Rs 11,100 per quintal in the benchmark market of Jodhpur. Today's arrivals were reported at 7,500 bags.

On the NCDEX, guar gum futures for delivery in May concluded Rs 101 higher at Rs 11,000 per quintal, with the session's low and high recorded at Rs 10,805 and Rs 11,000, respectively.

Similarly, guar seed futures for delivery in May settled Rs 43 higher at Rs 5,526 per quintal on the NCDEX. The session's low and high were reported at Rs 5,432 and Rs 5,531, respectively.

GuarSeed contract for APR delivery settled at Rs 5445/quintal showing an fall of Rs -55 over previous close of Rs 5500/quintal,The contract moved in the range of Rs 5421-5445 for the day. Open interest decreased by -1195 MT to 1000 MT, while trading volume increased by 130 to 1000 MT.

GuarSeed contract for MAY delivery settled at Rs 5526/quintal showing an rise of Rs 43 over previous close of Rs 5483/quintal,The contract moved in the range of Rs 5432-5531 for the day. Open interest decreased by -955 MT to 66670 MT, while trading volume decreased by -14540 to 20625 MT.

Currently The spread between APR and MAY contract is -81 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 16-Apr-2024, was 33915 MT




GuarGum contract for APR delivery settled at Rs 10831/quintal showing an was simillar of Rs 0 over previous close of Rs 10831/quintal,The contract moved in the range of Rs 10725-10921 for the day. Open interest decreased by -20 MT to 560 MT, while trading volume increased by 45 to 110 MT

GuarGum contract for MAY delivery settled at Rs 11000/quintal showing an rise of Rs 101 over previous close of Rs 10899/quintal,The contract moved in the range of Rs 10805-11000 for the day. Open interest decreased by -440 MT to 48485 MT, while trading volume decreased by -7770 to 8005 MT.

Currently The spread between APR and MAY contract is -169 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 16-Apr-2024, was 25114 MT

(By Commoditiescontrol Bureau: +91 9820130172)