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Balancar was an inhabited planet and the only known source for syrup of squill, made from the indigenous squill plant.

The Agricultural Consortium on Balancar halted exports of syrup of squill in 2373, claiming there was a planetary drought. In fact, however, they were stockpiling squill so as to drive up the prices.

In 2374, Quark did business with the nephew of the cousin of the stepsister of a friend of the secretary of the Consortium's chief accountant, who mentioned to him that the accountant had bought himself a pair of Ferengi rain slippers. Quark deduced from this that there was no drought, and threatened to expose the Consortium's plot unless they provided him with a shipment of squill. (DS9: "The Magnificent Ferengi")

According to Star Trek: Star Charts ("United Federation of Planets I") and Stellar Cartography: The Starfleet Reference Library ("Federation Historical Highlights, 2161-2385"), "), there was a star system named Balancar, in which this planet might possibly have been located, in the Alpha Quadrant. This was a trinary system with a trio of F-class stars. In the late 24th century, it was an independent system.

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