Jodhpur, September 16 (CommoditiesControl): Guar seed and gum prices remained firm in both the spot market and futures trading on Monday, as the arrival of fresh crops began in key markets.
According to market sources, the average price for guar seed in auctions was higher, ranging from ₹4,900 to ₹5,200 per quintal. In the Jodhpur market, guar seed prices reached ₹5,500 per quintal, while guar gum prices were quoted at ₹10,900 per quintal in the same benchmark market.
In futures trading, guar gum prices for September delivery ended ₹57 higher at ₹10,812 per quintal on the NCDEX, with the session's low and high ranging from ₹10,640 to ₹10,823 per quintal. Similarly, guar seed futures for September delivery closed ₹7 up at ₹5,414 per quintal, with the day's low at ₹5,336 and the high at ₹5,424 per quintal.
Fresh crop arrivals totaled 120 quintals, with Haryana markets receiving 70 quintals and Rajasthan's Ganganagar market receiving 50 quintals. Despite new crop arrivals, the prices remain steady, reflecting strong demand in both spot and futures markets.
GuarSeed contract for SEP delivery settled at Rs 5414/quintal showing an rise of Rs 7 over previous close of Rs 5407/quintal,The contract moved in the range of Rs 5336-5424 for the day. Open interest decreased by -1355 MT to 9845 MT, while trading volume decreased by -2545 to 4025 MT.
GuarSeed contract for OCT delivery settled at Rs 5514/quintal showing an rise of Rs 10 over previous close of Rs 5504/quintal,The contract moved in the range of Rs 5440-5525 for the day. Open interest increased by 2365 MT to 48610 MT, while trading volume decreased by -7705 to 15645 MT.
Currently The spread between SEP and OCT contract is -100 Rs/quintal
GUARSEED stock in NCDEX accredited warehouse as on 16-Sep-2024, was 14273 MT.
GuarGum contract for SEP delivery settled at Rs 10812/quintal showing an rise of Rs 57 over previous close of Rs 10755/quintal,The contract moved in the range of Rs 10640-10823 for the day. Open interest decreased by -1125 MT to 2650 MT, while trading volume decreased by -250 to 1835 MT.
GuarGum contract for OCT delivery settled at Rs 10905/quintal showing an rise of Rs 28 over previous close of Rs 10877/quintal,The contract moved in the range of Rs 10749-10939 for the day. Open interest increased by 875 MT to 49340 MT, while trading volume decreased by -4450 to 6730 MT.
Currently The spread between SEP and OCT contract is -93 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 16-Sep-2024, was 20281 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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