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Guar Seed and Guar Gum Prices Remain Steady with Slight Variations

24 Jan 2025 6:23 pm
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New Delhi, January 24 (CommoditiesControl): The spot market for guar seed and guar gum saw steady activity with moderate fluctuations in prices.

Prices for guar seed remained stable in most regions, with minor changes observed in local markets. On average, guar seed was trading at ₹5,400 to ₹5,600 per quintal, depending on the quality and region. Demand for the seed remained consistent, especially from processing units, which helped maintain the current price range.

The guar gum market experienced slight volatility with a marginal increase in prices. Guar gum for immediate delivery was priced between ₹16,000 and ₹16,500 per quintal, reflecting a steady demand from the food, pharmaceutical, and oil industries. Export demand also showed signs of improvement, which provided additional support for prices.

The guar seed and guar gum markets are expected to remain relatively stable in the short term, with fluctuations driven by global demand trends and ongoing weather conditions in major producing regions.

GuarSeed contract for FEB delivery settled at Rs 5436/quintal showing an fall of Rs -41 over previous close of Rs 5477/quintal,The contract moved in the range of Rs 5435-5480 for the day. Open interest decreased by -1055 MT to 62915 MT, while trading volume decreased by -10470 to 7750 MT.

GuarSeed contract for MAR delivery settled at Rs 5497/quintal showing an fall of Rs -39 over previous close of Rs 5536/quintal,The contract moved in the range of Rs 5496-5535 for the day. Open interest increased by 1105 MT to 14970 MT, while trading volume decreased by -720 to 2615 MT.

Currently The spread between FEB and MAR contract is -61 Rs/quintal

GUARSEED stock in NCDEX accredited warehouse as on 24-Jan-2025, was 13713 MT



GuarGum contract for FEB delivery settled at Rs 10495/quintal showing an fall of Rs -91 over previous close of Rs 10586/quintal,The contract moved in the range of Rs 10495-10600 for the day. Open interest decreased by -2215 MT to 49525 MT, while trading volume decreased by -3765 to 3910 MT.

GuarGum contract for MAR delivery settled at Rs 10675/quintal showing an fall of Rs -60 over previous close of Rs 10735/quintal,The contract moved in the range of Rs 10675-10750 for the day. Open interest increased by 1710 MT to 11840 MT, while trading volume increased by 300 to 2625 MT.

Currently The spread between FEB and MAR contract is -180 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 24-Jan-2025, was 28825 MT.


(By Commoditiescontrol Bureau: +91 9820130172)


       
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