Jodhpur, December 4 (CommoditiesControl): Guar gum and guar seed prices showed mixed trends in major spot markets, reflecting fluctuations in demand and supply. Spot prices remain influenced by export demand for guar gum and domestic factors, including the pace of arrivals and processing activity.
Spot Market Prices
- Guar Gum: Prices ranged between ₹11,200–₹11,450 per quintal, steady in some markets but showing marginal gains in others due to export demand.
- Guar Seed: Prices were quoted between ₹5,200–₹5,350 per quintal, with arrivals moderating slightly compared to previous sessions.
Guar gum demand from export markets remains stable, driven by applications in oil drilling and the food industry.
Guar seed arrivals have moderated, providing support to prices after recent declines. Favorable weather in guar-growing regions has ensured a good crop this season, keeping the overall supply outlook positive.
Domestic buyers are purchasing cautiously, leading to a balanced market. Export inquiries have increased slightly, lending support to guar gum prices. Guar seed and guar gum prices are expected to remain range-bound in the short term, with mild upward bias if export demand sustains. However, any increase in arrivals or a slowdown in export activity could weigh on prices in the coming sessions.
GuarSeed contract for DEC delivery settled at Rs 5149/quintal showing an rise of Rs 43 over previous close of Rs 5106/quintal,The contract moved in the range of Rs 5103-5180 for the day. Open interest decreased by -7005 MT to 32280 MT, while trading volume increased by 7425 to 15935 MT.
GuarSeed contract for JAN delivery settled at Rs 5218/quintal showing an rise of Rs 45 over previous close of Rs 5173/quintal,The contract moved in the range of Rs 5170-5244 for the day. Open interest increased by 7390 MT to 43550 MT, while trading volume increased by 8700 to 22850 MT.
Currently The spread between DEC and JAN contract is -69 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 04-Dec-2024, was 10024 MT
GuarGum contract for DEC delivery settled at Rs 10166/quintal showing an rise of Rs 157 over previous close of Rs 10009/quintal,The contract moved in the range of Rs 10034-10220 for the day. Open interest decreased by -2230 MT to 22505 MT, while trading volume increased by 410 to 4925 MT.
GuarGum contract for JAN delivery settled at Rs 10315/quintal showing an rise of Rs 151 over previous close of Rs 10164/quintal,The contract moved in the range of Rs 10175-10374 for the day. Open interest increased by 3575 MT to 38475 MT, while trading volume increased by 1680 to 7875 MT.
Currently The spread between DEC and JAN contract is -149 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 04-Dec-2024, was 27907 MT.
(By Commoditiescontrol Bureau; +91 98201 3018)
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