Guar and guar gum price remained stable in local markets but trimmed in forward contracts

Guar seed and guar gum price were under pressure of profit booking in forward market. Investors trimmed upper positions for their future contracts. Local markets are stable and strong. Local demand of guar and guar gum is continuing at current prices.  Traders and guar gum powder processor are buying guar and guar gum at lower prices.  In long term guar will get good support from crude oil prices. Crude oil prices are improving with growing rate since last upward trend prices of crude has not come in major downward position. guar and guar gum will regularly be getting support from improving crude oil prices.

Good quality of guar seed is traded at Rs 4600/100Kg and average quality guar seed is traded at Rs 4400/100 Kg. Standard quality guar gum is traded at Rs 10000/100 kg. In interior location guar is traded up to 4200/100 Kg. guar seed is being traded weak in future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar seed-10MT is being traded at Rs 4455, 4616, 4686 lower by by 1.91 per cent or INR 88/100 Kg, 1.93 per cent or INR 91/100 Kg, 1.62 per cent or INR 77/100 Kg with open interest of 129330, 96570, 14020 for February, March and April.

Guar gum is being traded weak in future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum- 5MT is being traded at Rs 9765, 9890, 10020 lower by 2.55 percent or Rs 256/100Kg, 2.66 percent or Rs 270/100 Kg, 2.93 percent or Rs 302/100 Kg with open interest of 36355, 45155, 255 for February, March and April contract.

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Branched type Guar  gum plant
Arrival of guar has reached lower than 20,000 Bags per day. Farmers are carrying small amount of guar commodity to market for their financial requirement. Peak arrival of guar seed period has gone. Arrival of guar commodity to local markets will drop further. Farmers are getting competitive price for their guar at upper side from local traders.

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