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Guar Seed and Guar Gum Prices Steady in Spot Markets

17 Jan 2025 5:17 pm
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New Delhi, January 17 (CommoditiesControl): Guar seed and guar gum prices in the spot markets remained stable today, with minimal fluctuations observed.

In the guar seed market, prices held steady as per the demand and supply dynamics. Guar seed was trading at around Rs 5000-5200 per quintal in major markets like Jodhpur and Bikaner.

Meanwhile, guar gum prices also saw limited movement, with guar gum trading in the range of Rs 12,000-12,300 per quintal depending on quality and demand from the industrial sector. Traders noted a slight uptick in demand from local markets and export markets, which has helped stabilize prices.

Market participants are expecting some price movement in the coming weeks based on seasonal demand shifts and export trends.

GuarSeed contract for JAN delivery settled at Rs 5515/quintal showing an rise of Rs 34 over previous close of Rs 5481/quintal,The contract moved in the range of Rs 5510-5607 for the day. Open interest decreased by -1325 MT to 5385 MT, while trading volume decreased by -3420 to 3140 MT.

GuarSeed contract for FEB delivery settled at Rs 5513/quintal showing an fall of Rs -8 over previous close of Rs 5521/quintal,The contract moved in the range of Rs 5510-5536 for the day. Open interest decreased by -860 MT to 75160 MT, while trading volume decreased by -8090 to 18840 MT.

Currently The spread between JAN and FEB contract is 2 Rs/quintal.

GUARSEED stock in NCDEX accredited warehouse as on 17-Jan-2025, was 13292 MT



GuarGum contract for JAN delivery settled at Rs 10630/quintal showing an rise of Rs 52 over previous close of Rs 10578/quintal,The contract moved in the range of Rs 10532-10648 for the day. Open interest decreased by -280 MT to 635 MT, while trading volume decreased by -2900 to 730 MT.

GuarGum contract for FEB delivery settled at Rs 10650/quintal showing an fall of Rs -47 over previous close of Rs 10697/quintal,The contract moved in the range of Rs 10622-10747 for the day. Open interest decreased by -2395 MT to 55315 MT, while trading volume decreased by -2345 to 7960 MT

Currently The spread between JAN and FEB contract is -20 Rs/quintal

GuarGum stock in NCDEX accredited warehouse as on 17-Jan-2025, was 28488 MT

(By Commoditiescontrol Bureau: +91 9820130172)

       
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