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Current Market Developments

• Currently, Guar seed and Guar gum prices continue to remain strong as supplies have declined in domestic markets. Declining stocks of guar seed along with steady export demand for guar products has kept supporting market.

• Demand for Guar by products like Churi & Korma has remained strong. Korma prices are quoted around Rs 4000 per quintal while Churi prices quoted around Rs 2800- 3200 per quintal.
• As per trade sources, the total guar seed supplies on daily basis in domestic markets (Rajasthan, Gujarat, and Haryana) has declined to around 8-10 thousand bags only. Going forward, the supplies are further likely to decline providing good support to prices. Currently, Guar seed in domestic markets of Rajasthan traded strong between Rs 5100-5500 per quintal. While in Gujarat prices remained firm around Rs 5000-5200 per quintal.
• According to market sources, this year Guar seed crop is estimated between 60-65 lakh bags out of which around 80-85 percent has arrived in domestic markets till now. Farmers & big traders are holding remaining 15-20 percent of stock. This very low carry forward stock is expected.
• Good export demand is noticed from European and other countries. So, far Guar meal exports have increased significantly by 26 percent as per the latest Ministry of Commerce data. Guar meal exports during April-February 2024 increased to 190629.23 tonnes as compared to 151717.71 tonnes exported in April-February 2023.

GUAR SEED PRICE TREND Vs SEASONALITY: KEY MARKETS

GUAR MEAL EXPORTS: MAJOR COUNTRIES

GUAR SEED AREA AND PRODUCTION TREND: INDIA & MAJOR STATES

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“agribazaar” 2024.