Jodhpur, June 25 (Commoditiescontrol) Guar seed and gum prices dropped on Tuesday due to selling pressure. Prices of guar seed and gum were down in the physical market and the futrues as well. As per the traders, prices of guar seed and gum were down due to selling pressure.
As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5150 per quintal. In all paid, guar seed prices were quoted a little lower at Rs 5350 per quintal. Guar gum prices were quoted flat at Rs 10,450 per quintal in the benchmark market of Jodhpur. Arrivals were 8400 bags.
Guar seed prices were down by Rs 50 per quintal while guar gum prices slipped Rs 200 per quintal in the physical market. Guar gum futures for delivery in July ended Rs 213 or 2 % down at Rs 10,420 per quintal on the NCDEX while the low and high of the session were Rs 10,372 and Rs 10,650 respectively.
Guar seed futures for delivery in July settled Rs 76 or 1.46% down at Rs 5,353 per quintal on the NCDEX while low and high of the session were Rs 5,331 and Rs 5,432 respectively.
GuarSeed contract for JUL delivery settled at Rs 5353/quintal showing an fall of Rs -76 over previous close of Rs 5429/quintal,The contract moved in the range of Rs 5331-5432 for the day. Open interest decreased by -1500 MT to 44910 MT, while trading volume increased by 6415 to 14950 MT.
GuarSeed contract for AUG delivery settled at Rs 5418/quintal showing an fall of Rs -74 over previous close of Rs 5492/quintal,The contract moved in the range of Rs 5342-5498 for the day. Open interest increased by 2180 MT to 12675 MT, while trading volume increased by 2020 to 5595 MT.
Currently The spread between JUL and AUG contract is -65 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 25-Jun-2024, was 20512 MT
GuarGum contract for JUL delivery settled at Rs 10420/quintal showing an fall of Rs -213 over previous close of Rs 10633/quintal,The contract moved in the range of Rs 10372-10650 for the day. Open interest decreased by -1815 MT to 40805 MT, while trading volume increased by 4250 to 9005 MT.
GuarGum contract for AUG delivery settled at Rs 10575/quintal showing an fall of Rs -210 over previous close of Rs 10785/quintal,The contract moved in the range of Rs 10540-10792 for the day. Open interest increased by 3510 MT to 12740 MT, while trading volume increased by 2780 to 5700 MT
Currently The spread between JUL and AUG contract is -155 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 25-Jun-2024, was 22804 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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