Jodhpur, July 22 (Commoditiescontrol) Guar seed and gum prices were nearly flat in the physical market while futures settled firm. The market witnessed improved activities with increased arrivals and good demand. Guar acreage is likely to remain unchanged or a little higher this year, a Jodhpur based trader said.
Area under guar may rise this year because of good demand both from overseas market and the local industry as well, another trader said.
As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5210 per quintal. In all paid, guar seed prices were quoted at Rs 5400 per quintal. Guar gum prices were quoted at Rs 10,750 per quintal in the benchmark market of Jodhpur. Arrivals were 8100 bags.
Guar gum futures for delivery in Aug ended Rs 87 or 0.82 % higher at Rs 10,693 per quintal on the NCDEX while the low and high of the session were Rs 10,580 and Rs 10,750 respectively.
Guar seed futures for delivery in July settled Rs 41 or 0.76% higher at Rs 5,469 per quintal on the NCDEX while the low and high of the session were Rs 5,430 and Rs 5,495 respectively.
GuarSeed contract for AUG delivery settled at Rs 5469/quintal showing an rise of Rs 41 over previous close of Rs 5428/quintal,The contract moved in the range of Rs 5430-5495 for the day. Open interest increased by 52180 MT to 52180 MT, while trading volume increased by 13215 to 13255 MT.
GuarSeed contract for SEP delivery settled at Rs 5551/quintal showing an rise of Rs 43 over previous close of Rs 5508/quintal,The contract moved in the range of Rs 5519-5574 for the day. Open interest decreased by -49720 MT to 4275 MT, while trading volume decreased by -16920 to 2845 MT.
Currently The spread between AUG and SEP contract is -82 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 22-Jul-2024, was 19887 MT
GuarGum contract for AUG delivery settled at Rs 10693/quintal showing an rise of Rs 87 over previous close of Rs 10606/quintal,The contract moved in the range of Rs 10580-10750 for the day. Open interest increased by 46370 MT to 46670 MT, while trading volume increased by 5345 to 5470 MT.
GuarGum contract for SEP delivery settled at Rs 10856/quintal showing an rise of Rs 88 over previous close of Rs 10768/quintal,The contract moved in the range of Rs 10794-10910 for the day. Open interest decreased by -42280 MT to 5670 MT, while trading volume decreased by -3590 to 2810 MT.
Currently The spread between AUG and SEP contract is -163 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 22-Jul-2024, was 21683 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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