Jodhpur, April 26 (Commoditiescontrol): Guar seed and gum prices remained nearly steady in both the spot market and futures on Friday amidst sluggish activities attributed to the ongoing polluting day. Rajasthan, being the major producing state and trading center of guar seed and its products in the country, concluded polling for the Lok Sabha elections' second phase today.
After experiencing gains in the previous sessions, some profit-booking activities were observed in the futures market. Market sources reported that the average price range for guar seed in auctions was quoted at Rs 5,100-5,350 per quintal. Additionally, in all paid transactions, guar seed prices were also quoted at Rs 5,550 per quintal. Guar gum prices stood at Rs 11,350 per quintal in the benchmark market of Jodhpur, with arrivals recorded at 6,000 bags.
On the NCDEX, guar gum futures for delivery in May concluded at Rs 11,200 per quintal, showing a marginal decrease of Rs 2 or 0.02%, with the session's low and high recorded at Rs 11,181 and Rs 11,311, respectively.
Similarly, guar seed futures for delivery in May settled Rs 3 or 0.05% down at Rs 5,584 per quintal on the NCDEX, with the session's low and high observed at Rs 5,571 and Rs 5,624, respectively.
GuarSeed contract for MAY delivery settled at Rs 5584/quintal showing an rise of Rs 3 over previous close of Rs 5581/quintal,The contract moved in the range of Rs 5571-5624 for the day. Open interest was simillar by 0 MT to 55305 MT, while trading volume decreased by -3010 to 16275 MT.
GuarSeed contract for JUN delivery settled at Rs 5666/quintal showing an rise of Rs 2 over previous close of Rs 5664/quintal,The contract moved in the range of Rs 5655-5705 for the day. Open interest was simillar by 0 MT to 17585 MT, while trading volume decreased by -1090 to 7360 MT.
Currently The spread between MAY and JUN contract is -82 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 26-Apr-2024, was 30285 MT
GuarGum contract for MAY delivery settled at Rs 11200/quintal showing an rise of Rs 2 over previous close of Rs 11198/quintal,The contract moved in the range of Rs 11181-11311 for the day. Open interest was simillar by 0 MT to 36165 MT, while trading volume decreased by -385 to 7775 MT
GuarGum contract for JUN delivery settled at Rs 11350/quintal showing an rise of Rs 1 over previous close of Rs 11349/quintal,The contract moved in the range of Rs 11330-11450 for the day. Open interest was simillar by 0 MT to 16320 MT, while trading volume decreased by -360 to 4790 MT.
Currently The spread between MAY and JUN contract is -150 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 26-Apr-2024, was 25321 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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