Guar Seed & Guar Gum Market Report: Pre-Monsoon Assessment 2026

The Indian guar seed and guar gum market is witnessing renewed strength ahead of the 2026 monsoon season. Strong export demand, lower market arrivals, firm crude oil prices, and concerns over below-normal rainfall are supporting bullish sentiment across both physical and futures markets.

India continues to maintain its position as the world’s leading producer and exporter of guar-based products, while global industries such as oil drilling, food processing, cattle feed, pharmaceuticals, textiles, and industrial manufacturing continue to depend heavily on Indian guar gum supplies.

This pre-monsoon market assessment highlights the latest trends in guar seed prices, guar gum demand, export performance, production outlook, monsoon impact, and future market expectations.

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Current Guar Seed & Guar Gum Price Trends in India

Guar seed and guar gum prices remained firm in the domestic market due to improving demand and tight physical supplies. Positive sentiment was observed in both the spot market and NCDEX futures market.

In the physical market:

• Premium quality guar seed is trading near ₹5,600 per 100 kg.
• Average quality guar seed is quoted around ₹5,300 per 100 kg.
• Standard quality guar gum prices are hovering close to ₹11,120 per 100 kg.

Across interior Rajasthan mandis, guar seed prices are being reported in the range of ₹5,200 to ₹5,600 per 100 kg depending on:

• Seed quality
• Moisture content
• Local arrivals
• Regional demand conditions

The limited availability of guar seed in physical markets is continuing to support prices.

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NCDEX Guar Gum Futures Market Update

Guar gum futures on NCDEX remained firm due to improving industrial demand and concerns regarding limited supplies.

Guar Gum Futures Prices

Contract	Price (₹/100 kg)	Change	Open Interest
May 2026	₹11,099	+₹25 (+0.23%)	14,300 lots
June 2026	₹11,270	+₹7 (+0.06%)	58,440 lots
July 2026	₹11,415	+₹2 (+0.02%)	1,460 lots

The rise in open interest indicates active trader participation and expectations of stronger prices in the coming months.

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NCDEX Guar Seed Futures Market Update

Guar seed futures also traded on a firm note amid supply concerns and strong demand sentiment.

Guar Seed Futures Prices

Contract	Price (₹/100 kg)	Change	Open Interest
May 2026	₹5,651	+₹15 (+0.27%)	19,725 lots
June 2026	₹5,777	+₹7 (+0.12%)	61,970 lots
July 2026	₹5,806	+₹7 (+0.12%)	2,760 lots

Higher open interest in near and mid-term contracts reflects continued confidence among traders and processors.

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India’s Guar Gum Export Performance Continues to Grow

India’s guar gum exports continued their upward trend during the 2025–2026 financial year.

Indian Guar Gum Export Data

Year	Export Volume
2022–2023	406,531 MT
2023–2024	417,691 MT
2024–2025	453,651 MT
2025–2026	475,562 MT

India exported approximately 475,562 MT of guar gum products during 2025–2026, which was around 20,911 MT higher than the previous year, representing growth of nearly 4.60%.

The consistent rise in exports highlights the growing global demand for Indian guar products.

Major Importers of Indian Guar Gum

• Germany – 162,786 MT
• USA – 55,496 MT
• Norway – 52,130 MT
• Russia – 46,843 MT
• China – 20,270 MT

Growing demand from Europe, the United States, Russia, and Asian markets continues to strengthen India’s guar processing industry.

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Rising Demand from the Global Cattle Feed Industry

The global cattle feed market is estimated to be worth more than USD 213 billion, and demand for high-protein feed ingredients continues to increase.

Guar meal and guar korma are increasingly being used as digestible protein sources in:

• Cattle feed
• Poultry feed
• Aquaculture feed
• Animal nutrition formulations

The expanding livestock and dairy industries across Asia, Europe, and Latin America are expected to support long-term demand for guar by-products.

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Guar Seed Production in Rajasthan

According to advance estimates released by the Government of Rajasthan, guar seed production during the 2025–2026 Kharif season was estimated at approximately 1,881,454 MT from around 2,481,838 hectares of cultivated area.

Rajasthan remains India’s largest guar-producing state and plays a critical role in global guar supply.

However, weather uncertainties and delayed monsoon conditions may affect upcoming sowing activities during the 2026 Kharif season.

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Crude Oil Prices Supporting Guar Gum Market

Global crude oil prices strengthened sharply due to geopolitical tensions and supply concerns in international energy markets.

• Brent crude settled near USD 107.77 per barrel.
• WTI crude closed around USD 102.18 per barrel.

Higher crude oil prices are generally considered positive for guar gum demand because guar gum is widely used in hydraulic fracturing operations in the oil and gas industry.

If energy prices remain elevated, demand for guar gum from oil drilling companies may improve further in the medium to long term.

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2026 Monsoon Forecast Raises Market Concerns

The India Meteorological Department (IMD) has projected a below-normal Southwest Monsoon for 2026.

Rainfall during the June–September season is estimated at approximately 92% of the Long Period Average (LPA).

Weather experts believe weak La Niña-like conditions may gradually transition toward El Niño, increasing the possibility of:

• Delayed sowing
• Reduced soil moisture
• Lower crop productivity
• Stress on rain-fed guar cultivation areas

If rainfall remains weak in major guar-growing regions of Rajasthan, Haryana, and Gujarat, overall guar production may decline during the upcoming season.

This weather-related uncertainty is one of the key bullish factors currently supporting guar seed and guar gum prices.

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Competing Kharif Crops May Impact Guar Sowing

Farmers are also closely monitoring prices of alternative Kharif crops such as:

• Moong (Green Gram)
• Moth
• Bajra (Pearl Millet)

Current market prices remain attractive:

Crop	Approximate Price Range
Moong	₹6,000 – ₹9,000 per 100 kg
Moth	₹4,000 – ₹4,461 per 100 kg
Bajra	₹1,850 – ₹2,270 per 100 kg

Strong returns from competing crops may influence sowing decisions in some regions, especially if monsoon conditions remain uncertain.

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Guar Seed Arrival Situation in Rajasthan Mandis

Daily arrivals of guar seed in major Rajasthan mandis remain limited as farmers continue to hold stocks expecting higher prices in the coming months.

Compared to previous years:

• Market arrivals are relatively slower.
• Farmer selling pressure remains low.
• Stock retention by traders and farmers is increasing.

The reduced physical supply in mandis is providing strong support to guar seed and guar gum prices.

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Guar Market Outlook 2026

The overall market outlook for guar seed and guar gum remains firm to bullish ahead of the monsoon season.

Key Bullish Factors Supporting the Market

• Strong global export demand
• Lower market arrivals
• Below-normal monsoon forecast
• Firm crude oil prices
• Active participation in NCDEX futures
• Growing cattle feed demand
• Farmer stock holding

Key Risk Factors

• Better-than-expected monsoon rainfall
• Increase in guar sowing area
• Global economic slowdown
• Weakness in crude oil prices

At present, the market sentiment remains positive, and volatility is expected to increase as the monsoon season progresses.

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Conclusion

The Indian guar industry is entering the 2026 monsoon season with strong fundamentals. Export demand remains healthy, domestic arrivals are limited, and weather uncertainties are creating concerns over future production.

Guar seed and guar gum prices are likely to remain sensitive to:

• Monsoon progress
• Export demand
• Crude oil market trends
• Farmer sowing decisions
• NCDEX market activity

Traders, processors, exporters, and investors are expected to closely monitor weather developments and market arrivals over the coming weeks, as these factors will play a decisive role in determining the next price direction for guar seed and guar gum markets in India.

Prepared by:
Ganesh Prajapat | Guargumcultivation
📞 +91-9509888669

Disclaimer

The content presented herein is intended solely for general informational purposes. It has been prepared based on information available in the public domain and inputs gathered from various stakeholders within the guar seed and guar gum industry.

While every effort has been made to ensure accuracy and reliability, readers are advised to exercise their own judgment and conduct independent due diligence before making any financial or trading decisions. It is strongly recommended to consult a qualified financial advisor or take decisions in one’s own professional capacity.

The owner, publisher, and author of this content do not hold any position, direct or indirect, in guar seed, guar gum, or related commodities, and shall not be held responsible for any financial loss or decision taken based on this information.

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Guar Prices Ease Amid Selling Pressure, Weak Export Sentiment and Global Trade Uncertainty

International Commodity Intelligence Report : Guar Seed & Guar Gum Market Update :24 March 2026

Guar Prices Ease Amid Selling Pressure, Weak Export Sentiment and Global Trade Uncertainty

JAIPUR, India – 24 March 2026: The guar seed and guar gum market in India witnessed a mild correction on Tuesday, with prices declining from higher levels due to sustained selling pressure in both spot and futures markets. The overall guar market outlook remains cautious as traders track weak export demand, global trade slowdown, and macroeconomic uncertainties.

Despite firm global crude oil prices, the guar gum price trend remains under pressure due to lack of fresh export orders and volatility in international markets. Market participants note that crude oil strength is currently supply-driven rather than demand-driven, limiting its immediate positive impact on guar gum demand in the oil and gas industry.

At the same time, a strengthening US Dollar in global currency markets is exerting pressure on Indian agricultural exports, including guar gum exports from India, by increasing pricing challenges and reducing competitiveness in international markets. 

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Spot Market Overview

In the physical market across Rajasthan, guar seed prices in India are holding relatively stable despite the broader correction. Good quality guar seed is trading around ₹5,400 per 100 kg, while average quality is quoted near ₹5,200 per 100 kg.

Standard quality guar gum prices in India are reported near ₹10,190 per 100 kg, reflecting marginal softness amid weak export demand. In interior mandis, guar seed is trading in the range of ₹5,000 to ₹5,200 per 100 kg, depending on quality, moisture content, and regional demand.

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Guar Prices Ease Amid Selling Pressure, Weak Export Sentiment and Global Trade Uncertainty

Futures Market Analysis (NCDEX)

In the futures segment on the National Commodity & Derivatives Exchange (NCDEX), guar contracts closed on a mixed to weak note, reflecting profit booking and cautious market sentiment.

Guar gum futures (5 MT contract) saw the April contract closing at ₹10,158 per 100 kg, down by ₹42 or 0.41%, while the May contract declined by ₹35 or 0.34% to ₹10,299 per 100 kg. The June contract bucked the trend, rising by ₹93 or 0.90% to ₹10,287 per 100 kg, indicating selective buying interest in forward positions.

Open interest remained active, with approximately 49,855 lots in April, 14,880 lots in May, and limited positions in June contracts, suggesting continued participation by traders despite short-term volatility.

Similarly, guar seed futures (10 MT contract) also closed lower. The April contract settled at ₹5,479 per 100 kg, down by ₹21 or 0.38%, while the May contract declined by ₹33 or 0.59% to ₹5,548 per 100 kg. Open interest stood at 43,870 lots for April and 16,920 lots for May, reflecting cautious positioning by market participants.

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Currency Impact: Strong US Dollar Pressures Exports

A strengthening US Dollar is emerging as a key macro factor impacting the guar export market in India. Exporters are facing pricing pressure as higher freight and logistics costs reduce margins, forcing them to ship larger volumes at competitive prices.

This dynamic is effectively lowering realizations per unit and is putting downward pressure on international guar gum prices, particularly in price-sensitive markets.

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Supply Situation and Arrivals

Current arrivals of guar seed remain limited, as the market is still dependent on old stock. Farmers and traders are primarily engaged in Rabi crop harvesting, resulting in reduced market arrivals.

Daily arrivals are estimated at approximately 10,000 bags (100 kg each) in major mandis, mainly driven by immediate liquidity needs. Fresh crop arrivals are expected only after the next harvesting cycle, which is around 5–6 months away.

This controlled supply is preventing sharp price declines and providing some underlying support to the guar seed price trend in India.

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Energy Market Disruptions and Industrial Demand

The global crude oil supply chain remains disrupted due to ongoing geopolitical tensions in Middle East and West Asia. Irregular supply flows are affecting refinery operations and creating imbalances in the energy market.

While higher crude oil prices typically support guar gum demand in the oil and gas industry, the current rally is largely supply-driven. Unless supported by increased drilling activity, the direct demand boost for guar gum used in Hydraulic Fracturing remains limited in the short term.

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Global Trade Slowdown Impact

The global commodity market is currently experiencing a slowdown, with buyers adopting a cautious approach amid geopolitical uncertainty. Lack of confirmed export orders and reduced industrial visibility are impacting the guar gum export market in India.

Market participants believe that prolonged geopolitical tensions could further dampen industrial demand and delay recovery in export volumes.

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Animal Feed Demand Supporting Guar Complex

One of the key supportive factors for the guar complex is the rising demand for guar meal (guar churi and guar korma) in the animal feed sector.

Global prices of key feed ingredients such as soybean meal and corn have increased significantly, driven by higher freight costs, energy prices, and supply chain disruptions. As a result, guar meal is emerging as a cost-effective alternative protein source, supporting demand from the livestock and poultry feed industry.

This trend is expected to provide a strong demand base for guar processing products, even as export demand remains subdued.

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Guar Export Statistics

According to data from the Agricultural and Processed Food Products Export Development Authority (APEDA), India exported approximately 390,300 metric tonnes of guar gum between April 2025 and January 2026, valued at around USD 452.62 million.

Final export figures for the full financial year are yet to be released, but early indications suggest that total exports could approach or exceed last year’s level of 453,612 metric tones, valued at USD 568.97 million, reinforcing India’s dominant position in the global guar market.

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Market Outlook

The near-term guar seed and guar gum price outlook remains range-bound with a slightly weak bias, driven by:

• Selling pressure at higher levels
• Weak export demand and global trade slowdown
• Strengthening US Dollar impacting export competitiveness
• Limited arrivals supporting prices at lower levels
• Rising demand from the animal feed sector

While short-term sentiment remains cautious, underlying fundamentals such as tight supply conditions and alternative feed demand may provide support to prices.

Market participants will closely monitor export enquiries, crude oil price trends, currency movements, and global trade developments for further direction in the guar commodity market.

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By Ganesh | Guargumcultivation Market Intelligence

📞 +91-9509888669

Guar Seed & Guar Gum Prices Fall on Selling Pressure; Weak Export Demand Weighs on Market (24 March 2026)

JAIPUR, India – 24 March 2026:

The guar seed and guar gum prices in India declined on Tuesday as selling pressure emerged at higher levels across both spot and futures markets. The latest guar market news indicates a cautious sentiment among traders, driven by weak export demand, global trade slowdown, and currency fluctuations.

Despite firm crude oil prices in the global market, the guar gum price trend remains under pressure due to the absence of strong demand-led buying. Market participants are closely monitoring export enquiries, international trade developments, and movements in the US Dollar for further direction.

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Guar Seed Price Today and Spot Market Update

In the physical markets of Rajasthan, including Jodhpur, the guar seed price today is trading near ₹5,400 per 100 kg for good quality, while average quality guar seed is quoted around ₹5,200 per 100 kg.

The guar gum price today is reported close to ₹10,190 per 100 kg, reflecting marginal weakness due to subdued export demand. In interior mandis, guar seed prices are ranging between ₹5,000 and ₹5,200 per 100 kg, depending on quality, moisture content, and local demand.

Guar Seed & Guar Gum Prices Fall on Selling Pressure : Weak Export Demand Weighs on Market (24 March 2026)

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NCDEX Guar Seed and Guar Gum Price Trend

In the futures market on the National Commodity & Derivatives Exchange (NCDEX), guar contracts closed on a mixed note, reflecting profit booking and cautious trading activity.

The NCDEX guar gum price for the April contract closed at ₹10,158 per 100 kg, declining by ₹42 or 0.41%, while the May contract fell by ₹35 or 0.34% to ₹10,299 per 100 kg. However, the June contract showed strength, rising by ₹93 or 0.90% to ₹10,287 per 100 kg, indicating selective buying in forward positions.

Similarly, the NCDEX guar seed price for April settled at ₹5,479 per 100 kg, down by ₹21 or 0.38%, while the May contract declined by ₹33 or 0.59% to ₹5,548 per 100 kg. The futures trend reflects short-term weakness but continued market participation.

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Strong US Dollar Impact on Guar Export Market

A strengthening US Dollar is putting pressure on the guar gum export market in India. Exporters are facing reduced margins due to higher freight and logistics costs, forcing them to remain competitive in global markets.

This situation is impacting international guar gum prices, as exporters need to adjust pricing strategies to maintain volumes. Currency volatility remains a key factor influencing India agricultural exports, including guar gum.

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Arrival Situation and Supply Outlook

The guar seed arrival in Rajasthan mandis remains limited, as the market is currently dependent on old stock. Farmers are focused on Rabi crop harvesting, leading to reduced arrivals in the market.

Daily arrivals are estimated at around 10,000 bags (100 kg each). Fresh crop arrivals are expected only after the next harvest cycle, approximately 5–6 months later. This limited supply is providing some support to the guar seed price trend in India, preventing a sharp decline.

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Crude Oil Prices and Guar Gum Demand in Oil Industry

Global **Crude Oil prices remain elevated due to supply disruptions, particularly in regions such as the Middle East. However, the current price rise is largely supply-driven rather than demand-driven.

Since guar gum is widely used in Hydraulic Fracturing in the oil and gas industry, demand is closely linked to drilling activity. Market experts believe that only demand-driven crude oil growth will significantly boost guar gum consumption.

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Global Trade Slowdown Affecting Guar Market

The ongoing global trade slowdown is impacting demand for guar gum in international markets. Buyers are cautious due to geopolitical uncertainties, and confirmed export orders remain limited.

If geopolitical tensions continue, the guar gum export market in India may face further pressure in the near term, affecting overall guar market outlook.

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Rising Demand for Guar Meal in Animal Feed Industry

A key positive factor for the guar complex is the rising demand for guar meal (guar churi and guar korma) in the animal feed sector.

Global prices of soybean meal and corn have surged due to supply disruptions and rising costs. As a result, guar meal is increasingly being used as an alternative protein source, supporting demand in the livestock feed industry.

This trend is strengthening the guar processing industry and providing a demand cushion despite weak export sentiment.

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Guar Gum Export Data India

As per the Agricultural and Processed Food Products Export Development Authority (APEDA), India exported around 390,300 metric tonnes of guar gum between April 2025 and January 2026, valued at approximately USD 452.62 million.

The final export data for March 2026 is yet to be released, but total exports are expected to approach or exceed last year’s levels, reinforcing India’s dominance in the global guar gum export market.

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Guar Seed & Guar Gum Price Forecast

The guar seed and guar gum price forecast indicates a range-bound trend with a slightly weak bias in the near term.

Key Factors Influencing Guar Market:

• Selling pressure at higher levels
• Weak export demand and global trade slowdown
• Strong US Dollar impacting exports
• Limited arrivals supporting prices
• Rising demand from the animal feed industry

Overall, the guar market outlook remains stable but cautious. Prices are expected to trade within a defined range unless strong export demand or industrial consumption emerges.

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Conclusion

The guar seed and guar gum market in India is currently navigating a phase of consolidation with mixed signals. While short-term pressure persists due to weak exports and macroeconomic factors, strong fundamentals such as limited supply and growing feed demand continue to support the market.

Traders and stakeholders will closely track export enquiries, crude oil price trends, currency movements, and global demand to assess the next direction in guar prices.

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By Ganesh | Guargumcultivation Market Intelligence

📞 +91-9509888669

Disclaimer

The content presented herein is intended solely for general informational purposes. It has been prepared based on information available in the public domain and inputs gathered from various stakeholders within the guar seed and guar gum industry.

While every effort has been made to ensure accuracy and reliability, readers are advised to exercise their own judgment and conduct independent due diligence before making any financial or trading decisions. It is strongly recommended to consult a qualified financial advisor or take decisions in one’s own professional capacity.

The owner, publisher, and author of this content do not hold any position, direct or indirect, in guar seed, guar gum, or related commodities, and shall not be held responsible for any financial loss or decision taken based on this information.

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Guar seed and guar gum prices declined due to weak buying interest at higher levels.

Guar Seed & Guar Gum Market Report (17 March 2026 )

Guar seed and guar gum prices declined due to weak buying interest at higher levels.

JAIPUR (Guargumcultivation Bureau) – 17/03/2026 : Guar seed and guar gum prices moved downward on Monday due to poor buying at higher levels in both local and forward markets. Ongoing geopolitical tensions, including the Gulf situation, have slowed trading activity across major guar trading centers. Due to political uncertainty, fresh export orders are currently limited.

Market participants are closely monitoring export demand, arrivals of guar seed in mandis, and procurement by processors. Additionally, processing units are facing operational challenges due to a shortage of LPG gas.

In the Jodhpur local mandi, guar seed is currently trading around ₹5,350 per 100 kg, while guar gum is quoted near ₹10,000 per 100 kg. Overall market sentiment remains weak. Processing units are facing difficulties due to LPG shortages, which are impacting roasting operations—an essential step in the guar seed processing cycle.

Guar seed and guar gum prices declined due to weak buying interest at higher levels.

In the spot market, good quality guar seed is trading near ₹5,300 per 100 kg, while average quality guar seed is priced around ₹5,100 per 100 kg. Standard quality guar gum is quoted close to ₹10,050 per 100 kg. In interior markets of Rajasthan, guar seed prices are reported in the range of ₹5,000 to ₹5,200 per 100 kg, depending on quality, moisture content, and local demand conditions.

In the futures segment on National Commodity & Derivatives Exchange (NCDEX), guar gum contracts traded weaker due to profit booking and selling pressure. The March guar gum contract (5 MT) was trading at ₹9,945 per 100 kg, down by ₹85 or 0.85%. The April contract was quoted at ₹10,076 per 100 kg, declining by ₹50 or 0.50%, while the May contract traded near ₹10,220 per 100 kg, showing no significant change. Open interest stood at 3,045 lots for March, 59,985 lots for April, and 2,070 lots for May, indicating active participation despite short-term corrections.

Similarly, guar seed futures also traded slightly lower on NCDEX. The March guar seed contract (10 MT) was trading around ₹5,390 per 100 kg, down by ₹33 or 0.61%. The April contract was quoted at ₹5,446 per 100 kg, declining by ₹31 or 0.57%, while the May contract stood at ₹5,497 per 100 kg, down by ₹23 or 0.42%. Open interest was recorded at 6,330 lots for March, 5,330 lots for April, and 4,530 lots for May contracts.

Arrival Situation

Daily arrivals of guar seed in major mandis across Rajasthan remain low, as farmers are currently engaged in harvesting and other rabi crop operations. Due to weak demand from millers, farmers are not receiving favorable prices. Both farmers and traders are expecting price improvement in the coming weeks.

LPG Shortage Impact on Processing

The ongoing geopolitical tensions involving the USA and Iran have led to a shortage of LPG supply. Availability of commercial LPG remains limited. Many processing units established in recent years rely heavily on LPG for guar gum split processing. As a result, millers are facing operational constraints. If the situation persists, it may further disrupt processing activities and market supply chains.

By Guargumcultivation

📞 Contact: +91-9509888669

Guar Seed & Guar Gum declined due to profit booking at upper levels. ( Guar Seed & Guar Gum Market Report )

 Guar Seed & Guar Gum Market Report

Guar Seed & Guar Gum declined due to profit booking at upper levels.

Guar seed and guar gum prices witnessed a mild decline in domestic markets on Wednesday due to profit booking at higher levels after the recent rally. Selling pressure was observed across major trading centres in Rajasthan, while market participants continued to track export enquiries, global crude oil price movements, and increasing demand for cattle feed, which are currently influencing sentiment in the guar complex.

In the Jodhpur physical commodities market, guar seed is currently trading around ₹5,450 per 100 kg, while guar gum is quoted near ₹10,100 per 100 kg. The overall market sentiment remains weak to stable, though traders believe that improving industrial demand and export enquiries may provide underlying support to prices in the coming sessions.

In the spot market, good quality guar seed is being traded close to ₹5,400 per 100 kg, while average quality guar seed is quoted around ₹5,200 per 100 kg. Standard quality guar gum is traded near ₹10,100 per 100 kg. In interior markets of Rajasthan, guar seed prices are reported in the range of ₹5,000 to ₹5,200 per 100 kg, depending on quality, moisture level, and local demand conditions.

In the futures segment on NCDEX (National Commodity & Derivatives Exchange), guar gum contracts traded lower due to profit booking and selling pressure. The March contract of guar gum (5 MT) was trading at ₹10,026 per 100 kg, declining by ₹66 or 0.66%, while the April contract was quoted at ₹10,171 per 100 kg, down by ₹75 or 0.74%. The May contract was trading near ₹10,370 per 100 kg, showing a decline of ₹86 or 0.83%. Open interest in these contracts stood at 12,160 lots for March, 54,090 lots for April, and 5,569 lots for May, indicating active participation by traders despite the short-term correction.

Similarly, guar seed futures also traded slightly lower in the NCDEX market. The March guar seed contract (10 MT) was trading around ₹5,461 per 100 kg, declining by ₹40 or 0.73%, while the April contract was quoted at ₹5,515 per 100 kg, down by ₹43 or 0.78%. However, the May contract was trading marginally higher at ₹5,569 per 100 kg, gaining ₹1 or 0.02%, indicating some buying interest at lower levels. Open interest stood at 16,225 lots for March, 47,610 lots for April, and 35 lots for May contracts.

Arrival Situation

Daily arrivals of guar seed in major mandis of Rajasthan remain moderate, as farmers are currently holding their stocks in anticipation of better prices. Compared with previous seasons, arrivals during the current marketing season have been relatively slower, mainly due to lower production and cautious selling by farmers. This restrained supply in the physical market is providing partial support to prices despite short-term corrections in the futures segment.

Weak Monsoon Impact on Production

One of the key fundamental factors influencing the guar market this season is the weak southwest monsoon in several guar-growing regions of Rajasthan and Haryana. Due to below-normal rainfall during the crop growth period, overall guar production is estimated to be lower compared to the previous year. Reduced crop output is tightening the overall supply scenario in the market and providing structural support to guar seed and guar gum prices.

Rising Crude Oil Prices Supporting Industrial Demand

Another major factor supporting the guar complex is the rise in international crude oil prices. Higher crude prices typically encourage increased drilling activity in the oil and gas sector, where guar gum is widely used in hydraulic fracturing fluids. As drilling activity strengthens, global demand for guar gum tends to increase, which indirectly supports guar seed prices in India. Market participants believe that if crude oil prices continue to remain firm, industrial demand for guar gum may improve further in the coming months.

Increasing Demand for Cattle Feed

Demand for guar meal and guar churi, which are widely used as cattle feed protein, has also increased in recent weeks. Supply disruptions in global soybean markets due to geopolitical tensions, including the Iran-USA conflict, have created uncertainty in the availability of soybean meal, which is traditionally used as a major protein source in animal feed. As a result, guar meal is increasingly being used as an alternative protein feed, which is supporting the overall demand for guar processing products.

Market Outlook

Considering the current market fundamentals — lower guar production due to weak monsoon conditions, rising crude oil prices supporting oilfield demand, increasing cattle feed demand for guar meal, and moderate mandi arrivals — the guar complex is expected to maintain a firm undertone in the near term.

However, short-term volatility may continue in the futures market due to speculative trading and profit booking. Market participants will closely monitor export enquiries, crude oil price movements, global drilling activity, and mandi arrivals for further direction in guar seed and guar gum prices. Overall, the guar market is likely to remain range-bound but supported by strong underlying fundamentals in the coming weeks.

Guar Seed and Guar Gum Market Report Feb 11 2026 NCDEX Live Prices

Guar Seed Guar Gum Daily Market Intelligence Report February, 2026

Market Status: Post-Session Analysis

Reporting Agency: Guar Gum Cultivation Network

1. Executive Summary: The "Guar seed and guar gum Market Pulse"

The Guar complex on February 11, 2026, faced a bearish correction, with prices retreating from the previous week's highs. Despite a marginal recovery in crude oil prices today, the heavy buildup of US crude inventories and sluggish export demand have dampened the sentiment in both the NCDEX futures and Rajasthan's physical markets.

Today’s Snapshot: Guar Seed (NCDEX Feb-26) settled lower at ₹5,471/quintal (-0.18%). Guar Gum (NCDEX Feb-26) showed a deeper correction, closing near ₹10,045/quintal, a significant drop from January peaks.

The Delta: The primary driver for today's weakness is a "supply-demand mismatch." While Mandi arrivals have slowed seasonally, a 14% month-on-month decline in December-January exports has left processors with ample stocks, reducing their immediate buying appetite.

Sentiment Score: Bearish (70%) for the 7-day outlook as the market searches for a bottom near the ₹5,400 (Seed) and ₹10,000 (Gum) psychological support levels.

Guar Seed and Guar Gum Market Report Feb 11 2026 NCDEX Live Prices

2. Futures & Technical Performance (NCDEX)

	Commodity	Contract	LTP (₹)	% Change	Open Interest (OI)	Technical Signal
	Guar Seed 10MT	Feb-26	5,471	-0.18%	42,150 (Build-up)	Short Build-up
	Guar Seed 10MT	Mar-26	5,508	-0.29%	12,800	Weakening
	Guar Gum Refined	Feb-26	10,045	-0.24%	15,420	Strong Sell
	Guar Gum Refined	Mar-26	10,218	0.13%	49,975	Speculative Recovery

Technical Indicators

Pivot Point: ₹5,485 (Guar Seed)

Resistance (R1/R2): ₹5,540 / ₹5,610

Support (S1/S2): ₹5,430 / ₹5,380

RSI (14): 38.2 (Approaching Oversold territory; a technical bounce-back is possible if S1 holds).

3. Physical Mandi Intelligence (Rajasthan Belt)

The spot market is currently under pressure as millers remain sidelined. Farmers in the Ganganagar and Bikaner belts are reportedly resisting current prices, leading to a thin but steady arrival of stock.

	Trading Center	Variety	Modal Price (₹/q)	Daily Change	Arrival Volume (Bags)
	Jodhpur	Guar	5,510	-25	3,800
	Bikaner	Guar	5,455	-35	5,400
	Sri Ganganagar	Guar	5,200	-15	2,900
	Hanumangarh	Guar	5,200	-10	2,100

Average Market Price (Rajasthan): ₹5,260 - ₹5,350 per quintal.

Trend: Prices have corrected by roughly 8-10% since the January high of ₹5,700+.

4. The "Crude-Guar" Nexus (Fundamental Focus)

The North American shale sector is currently sending mixed signals to the hydrocolloid market.

Crude Oil Status: WTI Crude is trading at $64.54/bbl. While prices rose 0.9% today due to US-Iran tensions, the market is overshadowed by a massive +13.4 million barrel build in US inventories (API report), which traditionally signals a cooling in fracking activity.

Rig Count Impact: The Baker Hughes Rig Count rose by 5 rigs to 551 last week. While this is a leading indicator for future demand, the "shadow fleet" sanctions on Iran are currently the bigger geopolitical driver, causing volatility that prevents long-term hedging by Guar Gum importers.

5. Strategic Risk Matrix

• For Exporters: Critical Risk. Export volumes to the US and Russia dropped sharply in Q4 2025. With Russia remaining a key destination, geopolitical shifts are more impactful than fundamental crop size.

• For Processors: Operational Risk. With Guar Gum futures sliding, processors face negative crush margins if they procure seed at Mandi rates above ₹5,500.

• For Traders: Neutral. Look for a consolidation phase. Avoid fresh longs until Guar Seed clears and sustains above ₹5,650.

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Price Note: This report has been corrected using live NCDEX polling data from February 11, 2026, showing Seed at ~₹5,471 and Gum at ~₹10,045.