Weekly Guar Seed Report

Guar seed report

Current Market Developments:

  • Currently, Guar seed prices have declined in domestic spot markets tracking subdued demand and profit booking at higher levels.
Guar seed report:  guar seed price trend.

  • Guar seed prices are quoted around Rs 4,900 per quintal to Rs 5,275 per quintal in spot markets.
  • Good demand is seen in Guar gum exports from US, Russia, China and Germany but prices have remained range bound and quoted around Rs 9,800 to Rs 9,900 per quintal.
  • In spot markets of Gujarat and Rajasthan demand from traders and stockiest have remained subdued. Moreover, the forecast of normal to above normal monsoon 2022 by IMD has also kept pressure on prices.
  • Guar gum fundaments are strong as crude oil prices has remained high. Guar gum exports are rising from India and in the month of May 2022 exports increased by 6 percent at 33,095 tonnes. Between October to May 2022 Guar gum exports increased by 12 percent at 2 lakh tonnes as compared to 1.79 lakh tonnes same period last year.
  • The acreage under Guar as on 30th June 2022 increased significantly by 80 percent in Rajasthan at 4,74,640 hectares as compared to 2,62,710 hectares same period last year, this has kept pressure on the Guar gum and seed prices.
  • Currently, guar seed and guar gum prices are steady but if monsoon rain in key guar growing belts of Gujarat and Rajasthan remains low than prices will strengthen. So, lot will depend on the progress and distribution of south-west monsoon rainfall.

Guar Seed Price Trend Vs Seasonality at Key Markets

Guar Seed Price Trend Vs Seasonality at Key Markets

Guar Seed Price Trend Vs Seasonality at Key Markets

Guar Seed Area, Production and Yield: India & Major States

Guar seed report : Guar Seed Area, Production and Yield

Disclaimer:

This report is prepared by “agribazaar”. Information and opinions in this report have been taken from publicly available data and from sources believed to be reliable. Neither the report nor any part of the report shall be replicated without the written consent. agribazaar does not make any representations or warranties in relation to the accuracy, completeness and correctness of data or information contained in this report. Use of the data, information or opinions contained in this report is at the sole risk of the recipient of this report, and any such data, information or opinion should be independently verified. agribazaar, its affiliates, their officers, directors and employees shall not be responsible for any loss or damage that may arise to any person from any error in the data, information or opinion contained in this report.

“agribazaar” 2022.

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