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Guar Seed, Gum Prices End Higher on Firm Demand

14 Jun 2024 5:36 pm
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Jodhpur, June 14 (Commoditiescontrol): Guar seed and gum prices ended higher in the spot market on Friday tracking firm demand. Guar gum futures also rallied over 1% but guar seed futures ended nearly flat. As per a market analyst, guar seed and gum prices will remain range-bound in near-term.

As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5275 per quintal.

In all paid, guar seed prices were quoted at Rs 5440 per quintal. Guar gum prices were quoted at Rs 10,800 per quintal in the benchmark market of Jodhpur. Arrivals were 8000 bags.

Guar gum futures for delivery in June ended Rs 105 or 1 % higher at Rs 10,632 per quintal on the NCDEX while the low and high of the session were Rs 10,576 and Rs 10,632 respectively.

Guar seed futures for delivery in June settled Rs 2 or 0.04% up at Rs 5,420 per quintal on the NCDEX.

GuarSeed contract for JUN delivery settled at Rs 5420/quintal showing an rise of Rs 2 over previous close of Rs 5418/quintal,The contract moved in the range of Rs 5420-5420 for the day. Open interest decreased by -625 MT to 420 MT, while trading volume decreased by -9925 to 395 MT.

GuarSeed contract for JUL delivery settled at Rs 5485/quintal showing an rise of Rs 35 over previous close of Rs 5450/quintal,The contract moved in the range of Rs 5445-5495 for the day. Open interest decreased by -355 MT to 52990 MT, while trading volume decreased by -25165 to 13190 MT.

Currently The spread between JUN and JUL contract is -65 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 14-Jun-2024, was 21535 MT



GuarGum contract for JUN delivery settled at Rs 10632/quintal showing an rise of Rs 105 over previous close of Rs 10527/quintal,The contract moved in the range of Rs 10576-10632 for the day. Open interest decreased by -750 MT to 455 MT, while trading volume decreased by -6160 to 395 MT.

GuarGum contract for JUL delivery settled at Rs 10827/quintal showing an rise of Rs 117 over previous close of Rs 10710/quintal,The contract moved in the range of Rs 10701-10845 for the day. Open interest increased by 285 MT to 48085 MT, while trading volume decreased by -10690 to 5420 MT.

Currently The spread between JUN and JUL contract is -195 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 14-Jun-2024, was 22551 MT





(By Commoditiescontrol Bureau: +91 9820130172)

       
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