Jodhpur, October 8 (Commoditiescontrol): Prices for guar seed and gum remained largely flat in the physical market on Tuesday. However, guar seed futures saw a slight decline due to profit booking, while guar gum futures experienced a modest increase.
Market sources report that the average auction price for guar seed has been steady, ranging between Rs 4,800 and Rs 5,300 per quintal. In Jodhpur, guar seed prices reached Rs 5,400 per quintal, while guar gum prices were quoted at Rs 11,000 per quintal in the benchmark market.
Approximately 23,000 bags of guar seed were received across the country, consisting of 17,100 bags of new crop and 5,900 bags of old crop.
On the NCDEX, guar gum futures for October delivery closed at Rs 10,950 per quintal, reflecting a rise of Rs 10 or 0.09%. During the session, prices fluctuated between Rs 10,935 and Rs 11,092. Similarly, November futures for guar gum ended up by Rs 15 or 0.14%, settling at Rs 11,092 per quintal, with session lows of Rs 11,070 and highs of Rs 11,218.
In contrast, October guar seed futures fell by Rs 32 or 0.69%, closing at Rs 5,418 per quintal, with session lows and highs of Rs 5,418 and Rs 5,487, respectively. November guar seed futures also declined, ending down by Rs 27 or 0.49% at Rs 5,505 per quintal, with lows of Rs 5,505 and highs of Rs 5,570.
Overall, the market is experiencing a period of stability with mixed sentiments in futures trading.
GuarSeed contract for OCT delivery settled at Rs 5418/quintal showing an fall of Rs -32 over previous close of Rs 5450/quintal,The contract moved in the range of Rs 5418-5487 for the day. Open interest decreased by -3830 MT to 19850 MT, while trading volume decreased by -2220 to 8820 MT.
GuarSeed contract for NOV delivery settled at Rs 5505/quintal showing an fall of Rs -27 over previous close of Rs 5532/quintal,The contract moved in the range of Rs 5505-5570 for the day. Open interest increased by 1770 MT to 44605 MT, while trading volume decreased by -7660 to 15325 MT.
Currently The spread between OCT and NOV contract is -87 Rs/quintal
GUARSEED stock in NCDEX accredited warehouse as on 08-Oct-2024, was 13847 MT
GuarGum contract for OCT delivery settled at Rs 10950/quintal showing an rise of Rs 10 over previous close of Rs 10940/quintal,The contract moved in the range of Rs 10935-11092 for the day. Open interest decreased by -1935 MT to 12015 MT, while trading volume decreased by -2370 to 3875 MT.
GuarGum contract for NOV delivery settled at Rs 11092/quintal showing an rise of Rs 15 over previous close of Rs 11077/quintal,The contract moved in the range of Rs 11070-11218 for the day. Open interest increased by 2105 MT to 45405 MT, while trading volume decreased by -3125 to 7965 MT.
Currently The spread between OCT and NOV contract is -142 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 08-Oct-2024, was 22752 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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