DEPOSIT AND DELIVERIES

Deposits
70,000
Deliveries
Quantity in MT

60,000

50,000 Commodity at a Glance

40,000

30,000 NCDEX Guar Seed Futures

20,000

10,000

0
2014 2015 2016 2017 2018
Source - NCDEX

CONTRACT SPECIFICATIONS
Ticker Additional
Commodity Symbol Basis* Delivery center* Delivery Logic

Guar Seed GURSEED10 Jodhpur Bikaner, Nokha, Compulsory Delivery

Sri Ganganagar and Deesa

Trading and
Quotation GST Delivery Unit Tick Size Expiry date

Rs. / quintal Exclusive 10 MT 50 Paisa 20th of the delivery month

Moisture 8% basis
Whitish 98% basis
Quality Damaged Seed 1% basis
Specifications
Foreign Matter 1% basis
Quality Variation + and - 2%

Benchmark Futures contract for Guar Seed

Hedging and price risk management tool for value chain
* upto the radius of 50 kms from the municipal limits. For detailed contract specifications visit website www.ncdex.com
Efficient and transparent price discovery
Robust delivery mechanism
Connects the entire value chain

National Commodity & Derivatives Exchange Limited

CIN: U51909MH2003PLC140116
Ackruti Corporate Park, 1st Floor, Near G.E.Garden, L.B.S. Marg, Kanjurmarg (West), Mumbai - 400 078
T : (+91-22) - 66406789 | F : (+91-22) - 66406899 | Toll Free : 1800 26 62339 | E-mail: askus@ncdex.com | www.ncdex.com

TrustNCDEX @ncdex /TrustNCDEX LinkedIn Launched on 12 April, 2004

Disclaimer: Trading in commodities contracts is subject to inherent market risks and the traders/investors should understand and consult their * Highest monthly * Total deliveries
brokers/financial advisers before trading/investing. The content in this notice are for guidance only and should not be treated as re-commendatory or
definitive. NCDEX or their affiliates, associates, representatives, directors, employees or agents shall not be responsible in any manner to any person
ADTQ 3,55,150 MT till Jan 2019
or entity for any decisions or actions taken on the basis of this notice. No part of this notice may be redistributed or reproduced without written ADOI 2,62,950 MT 4,81,405 MT
permission from NCDEX.
*Since Inception
 GUAR SEED FUTURES MONTHLY ANNUALISED PRICE VOLATILITY
Guar Seed, once known as a ‘cow feed’, has emerged as one of the most lucrative crops in the 12.00%
recent past
10.00%
A dominant producer of guar, India accounts for about 80 percent of the world production.
8.00%
70-80 percent of total production of India comes from Rajasthan.
6.00%

4.00%

SEASONALITY Sowing Carry Forward Stock Harvesting

2.00%

0.00%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

India
Source - NCDEX Futures Price Annualised Volatility
2016-17 (29.59%) 2017-18 (24.26%) 2018-19 (25.04%)

PRICE RISK HEDGING

Processor/Hedger locks in Farmer/Hedger locks in the
the Guar Seed Futures Guar Seed Futures price at
Long Hedge Short Hedge
price at Rs 4150/quintal for Rs 4250 /quintal for a short
250 250
a long position position
200 200
P&L in Rs per Quintal

150 150
If the price of Guar Seed If the price of Guar Seed

P&L in Rs per Quintal

100 100
decreases in the physical decreases in the physical
50 50
market, the gain in the market, the loss in the
0 0
physical market is offset by 3950 4000 4050 4100 4150 4200 4250 4300 4350 4050 4100 4150 4200 4250 4300 4350 4400 4450 physical market is offset by
-50 -50
the loss in the Futures the gain in the Futures
-100 -100
market market
-150 -150
-200 -200
If the price of Guar Seed If the price of Guar Seed
-250 -250
increases in the physical Long Futures Short Physical Long Physical Short Futures
increases in the physical
market, the loss in the market, the gain in the
physical market is offset by physical market is offset by
the gain in the Futures the loss in the Futures
Graphs : For illustrative purposes only
market market

USES OF GUAR SEED

Salient Features of Guar Contracts on NCDEX Platform
Guar Seed is a Most popular cattle feed in After processing, it is sold as guar gum, guar
Very high co-relation to the physical Guar market
India korma and guar churi. Both guar churi and
Adequate volume and liquidity
guar korma are used in cattle feed and poultry
Ideal Hedging and Risk Management Platform for value chain participants in Guar industry
feed.
Widely accepted as benchmark for Guar prices across India and abroad
Compulsory delivery contract with staggered delivery mechanism
Premium/ Discount structure for fair pricing across the country
Widely accepted quality specifications