Guar seed and guar rate remained stabled in spot market after
two days rally in Jodhpur market. Some fresh buying has reported in spot market
due to rise in price of crude oil. Future market gained in morning but in
afternoon it started to goes down. In morning hour guar seed and guar gum
opened strong but as per last trading Guar gum has lose 50 Rs/100 Kg and guar
gum seed Rs 30/100 Kg in Jodhpur market. In other market it remained stable.
There is daily arrival
of 20,000 Bags of guar seed 100 kg each from farmers. This much of supply will
keep going. Manufacturers are waiting for fresh orders from US. Speculators and
Stockist are also active in market.
Guar is being traded at Rs 4200 as a mean price in most of
spot market. Traders are highly demoralized due to low rate. There is neck to
neck competition. Currently margins are
very less in guar business.
Oil and natural gas industry consume more than 70 % of guar.
Demand from this sector is back bone for this industry. Demand from Food
industry is not showing any major demand at low guar gum price.
Demand of Guar Churi
is as usual in market. It may come down with price rise of guar split. In
the case of guar gum price rise, production of Guar Churi will increase and
supply will increase in market.
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