Breaking News

You are here » Indian-Commodity  :  Commodities  :  Guar  :  Guar seed futures plunge on MCX

01-Oct2013

Guar seed futures plunge on MCX

Guar seed futures plunged on MCX on expectations of higher production from the major producing areas on account of strong rainfall, which has helped the grown crop to flourish. Moreover, traders and speculators offloaded holdings in wake of the additional supply, which further pressurised the prices of the commodity in the domestic markets.

The contract for October delivery was trading at Rs 5,833.00/100 KG, down by 2.99% or Rs 180.00 from its previous closing of Rs 6,013.00/100 KG. The open interest of the contract stood at 135 lots.

The contract for November delivery was trading at Rs 5,223.00/100 KG, down by 3.99% or Rs 217.00 from its previous closing of Rs 5,440.00/100 KG. The open interest of the contract stood at 121 lots on MCX.


Related News

View all news

NCDEX receives SEBI's nod to launch options on Guar Seed Futures

National Commodity & Derivatives Exchange (NCDEX) has received the Securities and Exchange Board of India's (SEBI) approval to launch Options on Guar Seed 10 MT Futures on the auspicious occasion......

Guar seed futures trade down on hopes of higher output

Guar seed futures traded down on MCX as higher output expectations from the major producing belts due to expanded area under cultivation and on good rains. Further, large stocks position in the physical......

Guar seed futures trade down on higher supply

Guar seed futures traded down in near term contract as higher supplies from the new season crop due to sluggish local market demand and hopes of higher production from the major producing......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......