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Guar Seed and Guar Gum Prices Remain Steady in Spot Markets

16 Jan 2025 6:15 pm
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New Delhi, January 16 (Commodities Control): Guar seed and guar gum prices in the spot markets remained relatively stable today, reflecting consistent demand and supply conditions. The prices for guar seed showed limited movement, while guar gum traded at steady levels despite the ongoing fluctuations in global demand for guar-based products.

Guar seed prices today were largely unchanged, reflecting a steady demand from both domestic and export markets. Prices for guar seed traded within a narrow range, with key trading hubs reporting slight fluctuations. Traders noted that while the harvest season is progressing, the market is absorbing supply well, leading to a stable pricing environment.

Guar gum prices also exhibited stability, with minimal changes observed in most markets. The overall demand for guar gum from the oil and gas industry, along with its use in the food and pharmaceutical sectors, has kept the market balanced. Guar gum prices have been resilient despite global uncertainties and were seen trading at steady levels across key markets.

The market is expected to remain stable in the short term, with prices potentially influenced by changes in demand from the oil industry, export trends, and the ongoing harvest season. Traders are maintaining a cautious outlook, awaiting further signals from domestic and international markets.

GuarSeed contract for JAN delivery settled at Rs 5549/quintal showing an rise of Rs 143 over previous close of Rs 5406/quintal,The contract moved in the range of Rs 5432-5622 for the day. Open interest decreased by -3420 MT to 6710 MT, while trading volume increased by 3215 to 6560 MT.

GuarSeed contract for FEB delivery settled at Rs 5526/quintal showing an rise of Rs 60 over previous close of Rs 5466/quintal,The contract moved in the range of Rs 5488-5530 for the day. Open interest decreased by -135 MT to 76020 MT, while trading volume increased by 15315 to 26930 MT.

Currently The spread between JAN and FEB contract is 23 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 16-Jan-2025, was 13151 MT



GuarGum contract for JAN delivery settled at Rs 10630/quintal showing an rise of Rs 255 over previous close of Rs 10375/quintal,The contract moved in the range of Rs 10414-10700 for the day. Open interest decreased by -2505 MT to 915 MT, while trading volume increased by 335 to 3630 MT

GuarGum contract for FEB delivery settled at Rs 10717/quintal showing an rise of Rs 153 over previous close of Rs 10564/quintal,The contract moved in the range of Rs 10602-10717 for the day. Open interest increased by 1895 MT to 57710 MT, while trading volume increased by 4650 to 10305 MT.

Currently The spread between JAN and FEB contract is -87 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 16-Jan-2025, was 28437 MT

(By Commoditiescontrol Bureau: +91 9820130172)

       
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