Jodhpur, August 1 (Commoditiescontrol) Guar seed and gum prices dropped sharply in the physical market on Thursday tracking bearish futures. Guar gum and seed futures settled over 2% down due to profit-booking. As per the market sources, demand for guar seed and gum were down.
As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5350 per quintal, Rs 50 down from the last session.
In all paid, guar seed prices fell Rs 100 to Rs 5500 per quintal in the market of Jodhpur. Guar gum prices were quoted Rs 150 down at Rs 11,000 per quintal in the benchmark market of Jodhpur. Arrivals were 6800 bags, down 1000 bags from the last session.
Guar gum futures for delivery in Aug ended Rs 287 or 2.56% down at Rs 10,930 per quintal on the NCDEX while the low and high of the session were Rs 10,900 and Rs 11,249espectively.
Guar seed futures for delivery in July settled Rs 139 or 2.46% down at Rs 5,522 per quintal on the NCDEX while high of the session was Rs 5640 per quintal.
GuarSeed contract for AUG delivery settled at Rs 5522/quintal showing an fall of Rs -139 over previous close of Rs 5661/quintal,The contract moved in the range of Rs 5522-5640 for the day. Open interest decreased by -2750 MT to 28910 MT, while trading volume decreased by -34210 to 10710 MT
GuarSeed contract for SEP delivery settled at Rs 5622/quintal showing an fall of Rs -136 over previous close of Rs 5758/quintal,The contract moved in the range of Rs 5621-5740 for the day. Open interest increased by 2170 MT to 31015 MT, while trading volume decreased by -20550 to 16570 MT.
Currently The spread between AUG and SEP contract is -100 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 01-Aug-2024, was 19884 MT
GuarGum contract for AUG delivery settled at Rs 10930/quintal showing an fall of Rs -287 over previous close of Rs 11217/quintal,The contract moved in the range of Rs 10900-11249 for the day. Open interest decreased by -2175 MT to 22050 MT, while trading volume decreased by -12355 to 5735 MT.
GuarGum contract for SEP delivery settled at Rs 11104/quintal showing an fall of Rs -305 over previous close of Rs 11409/quintal,The contract moved in the range of Rs 11076-11401 for the day. Open interest increased by 3120 MT to 34095 MT, while trading volume decreased by -8290 to 9430 MT.
Currently The spread between AUG and SEP contract is -174 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 01-Aug-2024, was 22181 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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