Guar Seed and Guar Gum Prices Firm on Improved Buying

Jodhpur, July 18 (Commoditiescontrol): Guar seed and gum prices rose in the physical market and the futures as well on Friday amid improved buying activities. Demand for guar seed and gum increased at lower level, market analyst said.

As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5250 per quintal.

In all paid, guar seed prices were quoted at Rs 5400 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 prices were quoted Rs 100 per quintal higher while guar seed prices gained Rs 30-40 per quintal in the physical market.

Guar gum futures for delivery in Aug ended Rs 67 or 0.62 % up at Rs 10,805 per quintal on the NCDEX while the low and high of the session were Rs 10,700 and Rs 10,935 respectively.

Guar seed futures for delivery in July settled Rs 40 or 0.73% up at Rs 5,537 per quintal on the NCDEX while the low and high of the session were Rs 5,501 and Rs 5,573 respectively.

GuarSeed contract for JUL delivery settled at Rs 5434/quintal showing an fall of Rs -8 over previous close of Rs 5442/quintal,The contract moved in the range of Rs 5410-5467 for the day. Open interest decreased by -1535 MT to 75 MT, while trading volume decreased by -4175 to 0 MT.0

GuarSeed contract for AUG delivery settled at Rs 5537/quintal showing an rise of Rs 40 over previous close of Rs 5497/quintal,The contract moved in the range of Rs 5501-5573 for the day. Open interest increased by 140 MT to 54560 MT, while trading volume increased by 3385 to 17110 MT.

Currently The spread between JUL and AUG contract is -103 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 18-Jul-2024, was 19796 MT

GuarGum contract for JUL delivery settled at Rs 10730/quintal showing an rise of Rs 144 over previous close of Rs 10586/quintal,The contract moved in the range of Rs 10730-10845 for the day. Open interest decreased by -1305 MT to 305 MT, while trading volume decreased by -2415 to 175 MT.

GuarGum contract for AUG delivery settled at Rs 10805/quintal showing an rise of Rs 67 over previous close of Rs 10738/quintal,The contract moved in the range of Rs 10700-10935 for the day. Open interest decreased by -780 MT to 49585 MT, while trading volume increased by 590 to 6985 MT.

Currently The spread between JUL and AUG contract is -75 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 18-Jul-2024, was 51555 MT

(By Commoditiescontrol Bureau: +91 9820130172)