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What is Guar Seed and Gum Market Update about?

- Sowing of the new guar crop in Rajasthan has been completed and the market is expected to remain weak with guar seed prices at Rs. 5002/qntl and guar gum at Rs. 13777/qntl. - Guar seed and guar gum futures prices on the MCX closed 3.50-3.75% and 3.42-4.90% lower respectively due to expectations that October and November contracts will remain in contango. - As of July 29th, MCX guar seed open interest was 6136 MT and guar gum open interest was 293 MT.

Author

vejay

Language

EN