Jodhpur, September 13 (Commoditiescontrol) — Guar seed and gum prices continued to climb on Friday, marking a second consecutive day of gains. The price increases are driven by expectations of a weak crop yield, as analysts indicate significant crop losses in rainfed areas of Rajasthan.
According to market sources, the average price for guar seed at auctions ranged between Rs 4,800 and Rs 5,220 per quintal. In Jodhpur, guar seed prices remained steady at Rs 5,440 per quintal, while guar gum was quoted at Rs 10,900 per quintal. Arrivals in Jodhpur totaled 6,800 bags. In the physical market, guar seed prices were reported to be Rs 120-140 per quintal higher, and guar gum prices increased by Rs 400 compared to the previous session.
On the National Commodity & Derivatives Exchange (NCDEX), guar gum futures for October delivery rose by Rs 255, or 2.40%, ending at Rs 10,875 per quintal. The session saw prices range from Rs 10,632 to Rs 10,895. September futures for guar gum increased by Rs 265, or 2.53%, closing at Rs 10,748 per quintal, with prices ranging between Rs 10,505 and Rs 10,765.
Guar seed futures for October delivery on the NCDEX gained Rs 97, or 1.79%, to finish at Rs 5,502 per quintal, with session lows and highs of Rs 5,415 and Rs 5,510, respectively. September futures for guar seed rose by Rs 84, or 1.58%, ending at Rs 5,403 per quintal, with prices ranging between Rs 5,325 and Rs 5,420.
GuarSeed contract for SEP delivery settled at Rs 5403/quintal showing an rise of Rs 84 over previous close of Rs 5319/quintal,The contract moved in the range of Rs 5325-5420 for the day. Open interest decreased by -2680 MT to 11200 MT, while trading volume increased by 2140 to 6570 MT.
GuarSeed contract for OCT delivery settled at Rs 5502/quintal showing an rise of Rs 97 over previous close of Rs 5405/quintal,The contract moved in the range of Rs 5415-5510 for the day. Open interest increased by 1570 MT to 46245 MT, while trading volume increased by 5940 to 23350 MT.
Currently The spread between SEP and OCT contract is -99 Rs/quintal
GUARSEED stock in NCDEX accredited warehouse as on 13-Sep-2024, was 14192 MT
GuarGum contract for SEP delivery settled at Rs 10748/quintal showing an rise of Rs 265 over previous close of Rs 10483/quintal,The contract moved in the range of Rs 10505-10765 for the day. Open interest decreased by -885 MT to 3775 MT, while trading volume decreased by -1470 to 2085 MT
GuarGum contract for OCT delivery settled at Rs 10875/quintal showing an rise of Rs 255 over previous close of Rs 10620/quintal,The contract moved in the range of Rs 10632-10895 for the day. Open interest increased by 640 MT to 48465 MT, while trading volume increased by 3300 to 11180 MT.
Currently The spread between SEP and OCT contract is -127 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 13-Sep-2024, was 20142 MT.
(By Commoditiescontrol Bureau: +91 9820130172)
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