Guar Gum and Guar Seed Spot Prices Mostly Steady to Slightly Weak

New Delhi, November 12 (Commodities Control): In major spot markets, guar seed prices remained mostly steady to slightly weaker due to limited demand from buyers and increased arrivals.

- Jodhpur: ₹5,100–₹5,300 per quintal
- Bikaner: ₹5,000–₹5,250 per quintal

Farmers are bringing in more stocks post-harvest, leading to a stable supply. Prices may see limited fluctuations as demand remains stable but cautious.

Guar gum prices also remained stable to slightly down in line with the trend in guar seed.

- Jodhpur: ₹10,300–₹10,700 per quintal
- Bikaner: ₹10,200–₹10,600 per quintal

Demand for guar gum is moderate, with interest coming primarily from the food, pharmaceutical, and oil sectors. Export demand, however, is yet to pick up significantly.

Overall, prices are expected to trade within a stable range, though further demand from the export market could provide support in the coming sessions.

GuarSeed contract for NOV delivery settled at Rs 5054/quintal showing an fall of Rs -81 over previous close of Rs 5135/quintal,The contract moved in the range of Rs 5051-5129 for the day. Open interest decreased by -2415 MT to 14380 MT, while trading volume decreased by -1375 to 8540 MT.

GuarSeed contract for DEC delivery settled at Rs 5154/quintal showing an fall of Rs -82 over previous close of Rs 5236/quintal,The contract moved in the range of Rs 5146-5225 for the day. Open interest increased by 2565 MT to 49770 MT, while trading volume increased by 1275 to 22010 MT.

Currently The spread between NOV and DEC contract is -100 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 12-Nov-2024, was 9632 MT
GuarGum contract for NOV delivery settled at Rs 10164/quintal showing an fall of Rs -257 over previous close of Rs 10421/quintal,The contract moved in the range of Rs 10136-10400 for the day. Open interest decreased by -3800 MT to 5485 MT, while trading volume decreased by -360 to 4970 MT

GuarGum contract for DEC delivery settled at Rs 10300/quintal showing an fall of Rs -265 over previous close of Rs 10565/quintal,The contract moved in the range of Rs 10276-10534 for the day. Open interest increased by 2200 MT to 51735 MT, while trading volume increased by 910 to 10095 MT.
Currently The spread between NOV and DEC contract is -136 Rs/quintal

GuarGum stock in NCDEX accredited warehouse as on 12-Nov-2024, was 25082 MT

(By Commoditiescontrol Bureau: +91 9820130172)