New Delhi, October 29 (Commodities Control): Guar gum prices remained steady on Tuesday, while futures trading reflected a mixed sentiment, with guar gum futures posting gains and guar seed futures experiencing a slight decline. Market sources reported that the average price range for guar seed in auctions was between Rs 4,800 and Rs 5,100 per quintal, with Jodhpur market quotes reaching Rs 5,300 per quintal.
Across the country, guar seed arrivals were approximately 45,000 bags. Guar gum was priced at Rs 10,800 per quintal in Jodhpur’s benchmark market.
On the NCDEX, November guar gum futures closed at Rs 10,687 per quintal, up Rs 74 or 0.70%, with session lows and highs recorded at Rs 10,550 and Rs 10,687, respectively. Conversely, November guar seed futures fell by Rs 12, or 0.23%, ending at Rs 5,285 per quintal, with session lows and highs at Rs 5,246 and Rs 5,309, respectively.
Commodity market analyst Sushil Sharma suggested that both guar seed and gum prices may lack bullish momentum in November, anticipating increased seed arrivals. He noted that exports of guar gum have been lackluster over the past two months, particularly from the US—India’s largest buyer. Furthermore, Russian demand has also dwindled, contributing to weak market conditions for related products like churi and korma.
(By CommoditiesControl Bureau; +91-9820130172)
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