Balancar was an inhabited planet in the Alpha Quadrant 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 the Star Trek: Star Charts, on the chart "United Federation of Planets I", Balancar was located in the Balancar system. The Balancar system was located in or near Ferengi space in the Alpha Quadrant. This system was a trinary star system. The primary was a class F star with a magnitude of +3, which was ten times brighter than Sol. The secondary and tertiary were class F stars as well.

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