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Guar Seed and Gum Prices Firm Amid Expectations of Reduced Sowing Areas

13 Jun 2024 5:31 pm
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Mumbai, June 13 (Commodities Control): The prices for guar seed and gum have remained firm in major markets, driven by concerns over reduced sowing areas. Market participants are anticipating lower cultivation this season.

GuarSeed contract for JUN delivery settled at Rs 5420/quintal showing an rise of Rs 70 over previous close of Rs 5350/quintal,The contract moved in the range of Rs 5346-5555 for the day. Open interest decreased by -5645 MT to 1045 MT, while trading volume increased by 1920 to 10320 MT.

GuarSeed contract for JUL delivery settled at Rs 5452/quintal showing an rise of Rs 53 over previous close of Rs 5399/quintal,The contract moved in the range of Rs 5399-5592 for the day. Open interest increased by 1810 MT to 53345 MT, while trading volume increased by 23795 to 38355 MT.

Currently The spread between JUN and JUL contract is -32 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 13-Jun-2024, was 21535 MT

GuarGum contract for JUN delivery settled at Rs 10500/quintal showing an rise of Rs 83 over previous close of Rs 10417/quintal,The contract moved in the range of Rs 10416-10833 for the day. Open interest decreased by -3280 MT to 1205 MT, while trading volume increased by 1760 to 6555 MT.

GuarGum contract for JUL delivery settled at Rs 10685/quintal showing an rise of Rs 102 over previous close of Rs 10583/quintal,The contract moved in the range of Rs 10571-11005 for the day. Open interest increased by 3415 MT to 47800 MT, while trading volume increased by 8915 to 16110 MT.

Currently The spread between JUN and JUL contract is -185 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 13-Jun-2024, was 22541 MT.

(By Commoditiescontrol Bureau: +91 9820130172)


       
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