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Guar Seed and Gum Prices Flat at Spot; Futures End Lower

7 Aug 2024 6:06 pm
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Jodhpur, August 7 (Commoditiescontrol): Guar seed and gum prices were nearly flat in the physical market on Wednesday while futures ended a little lower due to profit-booking activities. In fact, prices of guar gum and seed futures rallied in the last session after which some profit-booking activities were seen.

As per the market sources, the average price range for guar seed in auctions was quoted at Rs 4800-5150 per quintal.

In all paid, guar seed prices were flat at Rs 5250 per quintal in the market of Jodhpur. Guar gum prices were quoted t Rs 10,400 per quintal in the benchmark market of Jodhpur. Arrivals were 6400 bags.

Guar gum futures for delivery in Aug ended Rs 13 or 0.12% down at Rs 10,434 per quintal on the NCDEX while the low and high of the session were Rs 10,364 and Rs 10,468 respectively.

Guar seed futures for delivery in July settled Rs 27 or 0.51% down at Rs 5,267 per quintal on the NCDEX while low and high of the session were Rs 5263 per quintal and Rs 5308 respectively.

GuarSeed contract for AUG delivery settled at Rs 5267/quintal showing an fall of Rs -27 over previous close of Rs 5294/quintal,The contract moved in the range of Rs 5263-5308 for the day. Open interest decreased by -2485 MT to 20535 MT, while trading volume decreased by -40 to 5145 MT.

GuarSeed contract for SEP delivery settled at Rs 5355/quintal showing an fall of Rs -23 over previous close of Rs 5378/quintal,The contract moved in the range of Rs 5342-5390 for the day. Open interest increased by 3100 MT to 39375 MT, while trading volume decreased by -2335 to 11600 MT.

Currently The spread between AUG and SEP contract is -88 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 07-Aug-2024, was 19744 MT




GuarGum contract for AUG delivery settled at Rs 10434/quintal showing an fall of Rs -13 over previous close of Rs 10447/quintal,The contract moved in the range of Rs 10364-10468 for the day. Open interest decreased by -2075 MT to 14260 MT, while trading volume decreased by -1460 to 3760 MT.

GuarGum contract for SEP delivery settled at Rs 10583/quintal showing an fall of Rs -32 over previous close of Rs 10615/quintal,The contract moved in the range of Rs 10540-10640 for the day. Open interest increased by 2240 MT to 39880 MT, while trading volume decreased by -3105 to 5320 MT.

Currently The spread between AUG and SEP contract is -149 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 07-Aug-2024, was 22668 MT


(By Commoditiescontrol Bureau: +91 9820130172)




       
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