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Guar Gum and Guar Seed Prices Steady in Spot Market Amid Limited Trading Activity

10 Jan 2025 5:34 pm
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New Delhi, January 10 (CommoditiesControl): Guar gum and Guar seed prices remained largely steady in the spot market today, with limited trading activity observed across major centres.

In Rajasthan, the key growing region for Guar, Guar gum prices were quoted at INR 11,200-11,500 per quintal, showing little change from the previous session. Similarly, Guar seed prices held steady at INR 4,250-4,350 per quintal.

Traders indicated a slow pace of buying, with demand from export markets and the processing industry remaining stable, but not showing significant improvement. In the absence of fresh market triggers, prices are expected to remain rangebound in the short term, with fluctuations dependent on arrivals and global demand.

Supply conditions are expected to be moderate, and with steady demand from both domestic and international markets, prices are likely to maintain their current range until any substantial changes in demand or production conditions are observed.

GuarSeed contract for JAN delivery settled at Rs 5380/quintal showing an rise of Rs 10 over previous close of Rs 5370/quintal,The contract moved in the range of Rs 5373-5405 for the day. Open interest decreased by -3230 MT to 19500 MT, while trading volume decreased by -715 to 7580 MT.

GuarSeed contract for FEB delivery settled at Rs 5438/quintal showing an rise of Rs 9 over previous close of Rs 5429/quintal,The contract moved in the range of Rs 5427-5465 for the day. Open interest increased by 3060 MT to 72650 MT, while trading volume decreased by -180 to 18265 MT.

Currently The spread between JAN and FEB contract is -58 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 10-Jan-2025, was 13632 MT



GuarGum contract for JAN delivery settled at Rs 10341/quintal showing an fall of Rs -18 over previous close of Rs 10359/quintal,The contract moved in the range of Rs 10338-10440 for the day. Open interest decreased by -3725 MT to 10205 MT, while trading volume decreased by -630 to 5300 MT

GuarGum contract for FEB delivery settled at Rs 10527/quintal showing an fall of Rs -13 over previous close of Rs 10540/quintal,The contract moved in the range of Rs 10520-10613 for the day. Open interest increased by 2890 MT to 49885 MT, while trading volume increased by 1110 to 9540 MT.

Currently The spread between JAN and FEB contract is -186 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 10-Jan-2025, was 29302 MT


(By Commoditiescontrol Bureau: +91 9820130172)


       
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