Guar Seed AND Guar Gum Spot Prices Firm; Futures Down

Jodhpur, June 20 (Commoditiescontrol) Guar seed and gum prices were firm in the physical market on Thursday amid improved demand while futures ended lower as current month contract expired today.

As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5200 per quintal, down Rs 50 per quintal.

In all paid, guar seed prices were quoted at Rs 5430 per quintal. Guar gum prices were quoted Rs up at Rs 10,750 per quintal in the benchmark market of Jodhpur. Arrivals were 7900 bags.

Guar gum futures for delivery in July ended Rs 36 or 0.34 % down at Rs 10,680 per quintal on the NCDEX while the low and high of the session were Rs 10,675 and Rs 10,824 respectively.

Guar seed futures for delivery in July settled Rs 13 or.24% down at Rs 5,412 per quintal on the NCDEX while low and high of the session were Rs 5,409 and Rs 5,474 respectively.

GuarSeed contract for JUN delivery settled at Rs 5240/quintal showing an fall of Rs -180 over previous close of Rs 5420/quintal,The contract moved in the range of Rs 5240-5450 for the day. Open interest decreased by -230 MT to 5 MT, while trading volume increased by 180 to 230 MT.

GuarSeed contract for JUL delivery settled at Rs 5412/quintal showing an fall of Rs -13 over previous close of Rs 5425/quintal,The contract moved in the range of Rs 5409-5474 for the day. Open interest increased by 560 MT to 51205 MT, while trading volume decreased by -3965 to 12605 MT.

Currently The spread between JUN and JUL contract is -172 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 20-Jun-2024, was 21085 MT

GuarGum contract for JUN delivery settled at Rs 10550/quintal showing an was simillar of Rs 0 over previous close of Rs 10550/quintal,The contract moved in the range of Rs 10550-10550 for the day. Open interest decreased by -30 MT to 65 MT, while trading volume increased by 60 to 65 MT.

GuarGum contract for JUL delivery settled at Rs 10680/quintal showing an fall of Rs -36 over previous close of Rs 10716/quintal,The contract moved in the range of Rs 10675-10824 for the day. Open interest decreased by -1010 MT to 45560 MT, while trading volume decreased by -725 to 5665 MT.

Currently The spread between JUN and JUL contract is -130 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 20-Jun-2024, was 22442 MT

(By Commoditiescontrol Bureau: +91 9820130172)