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Guar Gum and Guar Seed Prices Stable Amid Steady Demand and Limited Arrivals

9 Dec 2024 5:47 pm
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New Delhi, December 09 (CommoditiesControl): Guar gum and guar seed prices have remained stable in the spot market, supported by steady demand and limited arrivals from producing regions.

In the guar seed market, prices were quoted between Rs 5,200 to Rs 5,400 per quintal in major mandis of Rajasthan and Haryana, largely unchanged from the previous session. Supply pressures remain moderate as the harvesting season progresses, with most of the new crop already reaching markets. Traders report limited selling from farmers, who are holding stocks in anticipation of potential price increases in the near term.

For guar gum, the prices continued to trade within a narrow range of Rs 10,500 to Rs 10,800 per quintal. The steady demand from both domestic and international markets, particularly from the oil and gas sector, has helped support the price floor. However, with a relatively stable supply situation, prices are not seeing significant movement in the short term.

Overall, both guar seed and guar gum markets are likely to remain steady with gradual fluctuations, depending on weather conditions and the pace of arrivals in the coming weeks.

GuarSeed contract for DEC delivery settled at Rs 5100/quintal showing an fall of Rs -40 over previous close of Rs 5140/quintal,The contract moved in the range of Rs 5091-5140 for the day. Open interest decreased by -3135 MT to 26330 MT, while trading volume increased by 1145 to 9250 MT.

GuarSeed contract for JAN delivery settled at Rs 5151/quintal showing an fall of Rs -55 over previous close of Rs 5206/quintal,The contract moved in the range of Rs 5148-5210 for the day. Open interest increased by 4460 MT to 52810 MT, while trading volume increased by 3635 to 19195 MT.


Currently The spread between DEC and JAN contract is -51 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 09-Dec-2024, was 11174 MT

GuarGum contract for DEC delivery settled at Rs 10004/quintal showing an fall of Rs -144 over previous close of Rs 10148/quintal,The contract moved in the range of Rs 9989-10149 for the day. Open interest decreased by -2880 MT to 15700 MT, while trading volume increased by 1495 to 5000 MT.

GuarGum contract for JAN delivery settled at Rs 10140/quintal showing an fall of Rs -149 over previous close of Rs 10289/quintal,The contract moved in the range of Rs 10133-10292 for the day. Open interest increased by 2740 MT to 45110 MT, while trading volume increased by 3105 to 8260 MT.

Currently The spread between DEC and JAN contract is -136 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 09-Dec-2024, was 28384 MT


(By Commoditiescontrol Bureau: +91 9820130172)


       
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