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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 the Star Trek: Star Charts ("United Federation of Planets I") and the Stellar Cartography: The Starfleet Reference Library ("Federation Historical Highlights, 2161-2385"), Balancar was located in the Balancar system. This system was located in the Alpha Quadrant. This system was a trinary star system of three F-class stars.

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