Wednesday, 4 February 2015
Guar churi and Guar Korma is giving support for Stabilization of Guar seed prices
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.