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Friday 1 December 2023

Guar prices will remain stagnant due to poor demand from stagnant oil and natural gas industry

This is peak arrival period and guar gum prices are stagnant in market. Due to crop failure and prediction of lower guar seed production farmers, traders and exporters were expecting the boom in guar seed and guar gum prices. but in market things are not working as per predictions.  

Crude Oil Prices:

As per global predictions, crude oil prices will fall further. OPEC countries have agreed to cut production due to lower demand for crude oil. Demand for crude oil will remain slow as the global economy focuses more on clean energy generation. Policymakers are introducing new environmental emission standards for less polluting industries. Currently, Brent crude oil is being traded around USD 82 per barrel, and WTI crude oil is being traded around USD 75.96 per barrel. Oil prices have come under further pressure after a cut of 684,000 barrels per day by OPEC plus countries. There is also news that Brazil might join the elite group of OPEC plus countries. The oil and natural gas industry is a major buyer of Indian guar gum.

Guar prices will remain stagnant due to poor demand from stagnant oil and natural gas industry
 Guar prices will remain stagnant due to poor demand from stagnant oil and natural gas industry 

Oil Rig Count:

According to the oil rig count data released by Baker Hughes, the number of active rigs is increasing internationally. In comparison to last year, there are 962 active rigs globally, which is 51 more than the previous year. In the United States, there are 622 active rigs, which is 162 rigs fewer than the previous year's count. There is a decline in the total active rig count in the USA, Canada, and internationally. Guar gum is the major drilling chemical used in oil production and new rig development.

Global Instability:

Wars are ongoing between Israel and Hamas, Armenia and Azerbaijan, Ukraine and Russia. There are also instabilities in the entire Middle East, including Syria, Lebanon, Egypt, Iraq, Iran, Yemen, etc. There are some reports of a ceasefire in the Hamas-Israel war for some time, but it is not expected to continue for a longer period. There are chances that the war may escalate in the entire Middle East, with a major concern being a potential USA-Iran war.

Assembly Election in Rajasthan:

Assembly elections have been completed in five states in India, and the results will be declared soon, forming a new government. The fresh policies may influence the further movement of guar prices. However, due to the upcoming Parliament election in April-May, there are fewer chances of new policy implementation by the new government, as time will be consumed in new government formation and allocation of ministries. After that, the Model Code of Conduct will come into existence for parliament elections. Assembly elections in Rajasthan are crucial for the guar market as Rajasthan is a major guar-producing state. Guar is a major agricultural commodity, so it always remains in focus for policymakers.

Harvesting and Arrival of Guar:

Harvesting of guar has been completed, and peak arrival is ongoing. Since November has passed, peak arrival will continue in December. Now, large farmers have started holding the guar seed, and they are not bringing it to the market. Stockists will also finish their stocking activity after December. No major price changes have occurred after the production, indicating that either demand is poor or production is not as low as to create a significant gap in supply and demand. There is no problem in the arrival of guar in the market.

There are no major possibilities of guar seed or guar gum supply shortage. Prices will remain stagnant. Currently, industries, exporters, importers, and stockists are waiting for the new government formation, new agriculture policies, and export policies. Before the arrival of the new crop, a new state government and a new central government will be formed. Once the new government is in place, new financial policies will be announced. If good-quality guar seed is available at reasonable prices, exporters, processors, and stockists must consider stocking it. Farmers should also release/sell their stock slowly.

In this last week of November, NCDEX guar seed prices are being traded at INR 5545, 5712, 5766 per 100 kg (quintal) for 20th December 2023, 19th January 2024, and 20th February 2024 contracts. NCDEX guar seed spot price is INR 5622 per quintal. NCDEX guar gum prices are being traded at INR 11390, 11530 per 100 kg (quintal) for 20th December 2023 and 19th January 2024 contracts. NCDEX guar gum spot price is INR 11428 per quintal. In local physical markets (Mandi), guar seed prices are INR 5500 per quintal, and guar gum prices are INR 11400 per quintal.


Tuesday 31 October 2023

Guar Cultivation Area Data Released by the State Government. Demand for Guar Gum Will Also Increase.

The guar cultivation area has decreased. According to data released by different State Governments, the estimated guar seed sowing area is 29,02,732 hectares. This data has been released by the State Governments of Gujarat and Rajasthan. No significant cultivation area has been noticed in Haryana, and the Haryana government has not mentioned guar crop in their advance estimates. 

Guar Cultivation area has fallen 

According to the Rajasthan Government, guar sowing has been done on 27,99,489 hectares, which is 103% of the target sowing area of 27,00,000 hectares. During the previous year, sowing was completed on 30,79,450 hectares, which is 2,80,450 hectares less than the previous year. According to data released by the Gujarat Government, guar has been cultivated on 1,03,243 hectares in Gujarat. During the same period in the previous year, there was guar cultivation on 1,04,081 hectares.

Crop Damage Due to Rainfall at Maturity:

Despite a good guar cultivation sowing area, the rainfall was not sufficient for the maturity of guar crops. Crop damage has been noticed on a large area due to poor rainfall or no rainfall at the maturity stage. Even the quality of guar arriving in the market is not good due to rains after crop harvest.

Guar Cultivation area has fallen

Worsening Geopolitics and an Increase in Disputes:

Geopolitics is at its worst level, with all the continents directly engaged in wars and conflicts. Some of them include Ukraine-Russia, Azerbaijan-Armenia, Israel-Hamas (Palestine), and many other countries like Iran, Turkey, Qatar, Lebanon, and Syria making provocative statements. Due to this worsening geopolitics, the demand for fuel is increasing, and fuel prices are also rising. If a regional war were to erupt, such as Israel-Palestine (Hamas), there are chances that crude oil prices may soar up to USD 160 per barrel.

Increase in Oil Drilling/Fracking Activities

If the prices of crude oil rise, global fracking activities will increase. There will be an increased demand for drilling chemicals, and the export demand for guar gum will rise globally. Besides the USA, European, Chinese, and Russian companies will also explore new drilling fields. Crude oil is crucial for the global economy, and a regional war in the Middle East could lead to interruptions in crude oil supply globally. Indian guar gum powder is primarily consumed by the oil and natural gas industry. Crude oil production activities are on the rise globally, with currently 940 active oil rigs, 61 more than the previous year at the same time.

Guar gum export from India, Guar export from india, guar Churi Korma export from India 2023-2024 data
Guar seed cultivation area Rajasthan from India 2023-2024 data

Drought in Canadian Prairies and Lower Hay Yield

In addition to the demand for crude oil production, the demand for guar protein (Churi Korma) will increase in the cattle/animal feed industry. Due to drought in Canadian prairies, cattle farmers are seeking feed alternatives. Drought and high temperatures have reduced the yield, with this year's hay yield being 40% less than the 10-year average. The meat production sector is trying to adapt to the current situation by switching to alternative feeds like canola by-products, hay, meal, silage, straw, or other available alternatives. Guar meal and guar korma are also good sources of high protein.

Guar seed and Guar gum Market data 

In this week, NCDEX guar seed prices are being traded at INR 5696, 5783, and 5832per 100 kg (quintal) for the contracts expiring on 20th November 2023, 20th December 2023, and 19th January 2024. NCDEX guar seed spot price is INR 5664 per quintal. NCDEX guar gum prices are being traded at INR 11417 and 117576 per 100 kg (quintal) for the contracts expiring on 20th November 2023 and 20th December 2023. NCDEX guar gum spot price is INR 11494 per quintal. In local physical markets (Mandi), guar seed prices are INR 5600 per quintal, and guar gum prices are INR 11500 per quintal.

Thursday 31 August 2023

Guar Seed & Guar Gum traded strong due to adverse climatic conditions to guar farming

INDIA (www.guargumcultivation.com) - Guar Seed and Guar gum traded strong in Jodhpur market after adverse climatic conditions to guar cultivation and poor predictions of arrival of rainfall. Strong buying is noticed in physicals markets at higher prices. Climatic conditions are very poor in guar growing belt. No major rainfall has arrived in this region since last 3-4 weeks. The crop is showing the moisture stress conditions. If there will be no rainfall in next on- two week then then crop will almost damage on large guar cultivation area 

In Jodhpur market Guar Seed is traded at Rs 6,200/100 kg higher on last closing and Guar gum is traded at Rs 13,250/100 kg higher on last closing.

Guar Seed & Guar Gum traded strong due to adverse climatic conditions to guar farming

Good quality of Guar Seed is traded at Rs 6,300/100Kg and average quality Guar Seed is traded at Rs 6,150/100 Kg. Standard quality Guar gum is traded at Rs 13250/100 kg. In interior location Guar is traded up to 5,800/100 Kg.  

Guar gum and guar seed are traded strong in forward market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum is traded at Rs 12708, 12955 higher by 0.66% or Rs 122/100Kg, 0.89% of Rs 115/100 Kg with open interest of 30730, 27400 for September and October contracts. Guar Seed is being traded at Rs 6159, 6292 higher by 0.67% or INR 41/100 Kg, 0.73% or INR 46/100Kg, with open interest of 55370, 41405 for September and October contracts.

There are also predictions of gain in crude oil prices. Crude oil prices are being traded at upper side during last trading session after the U.S. Energy Information Administration predicted the decline in inventory of more than 10.5 Million Barrels for the last week of August, 2023. Crude oil is being traded at USD 85.5/Barrel.

Sunday 16 July 2023

Today's Guar Seed and Guar Gum Price: What's Driving the Movement in the Physical and Commodities Markets?

Guar seed and guar gum prices are on the move today, with the physical market and commodities market both seeing significant changes. Here's what's driving the movement and what it means for investors.

Guar seed and guar gum are two important commodities that are used in a variety of industrial applications. Guar seed is the source of guar gum, which is a thickener, stabilizer, and suspending agent. Guar gum is used in a wide range of products, including food, beverages, cosmetics, and pharmaceuticals.

Guar seed and guar gum prices have been on the move in recent months, with the physical market and commodities market both seeing significant changes. In the physical market, guar seed prices have risen by over 20% since the beginning of the year. Guar gum prices have also risen, but to a lesser extent.

What's Driving the Movement in the Physical and Commodities Markets?

There are a number of factors that are driving the movement in the physical and commodities markets for guar seed and guar gum. These include:

Increased demand from China and India: China and India are the two largest consumers of guar seed and guar gum in the world. Increased demand from these countries is driving up prices in the physical market.

Reduced supply: The supply of guar seed and guar gum has been reduced in recent months due to a number of factors, including drought in India and Pakistan. This has also contributed to the rise in prices.

Speculative trading: Speculative trading is also playing a role in the rise in guar seed and guar gum prices. Speculators are buying guar seed and guar gum in the hope that prices will continue to rise.

Guar seed and guar gum prices are on the move today, with the physical market and commodities market both seeing significant changes. Here's what's driving the movement and what it means for investors.
Today's Guar Seed and Guar Gum Price: What's Driving the Movement in the Physical and Commodities Markets?

What Does It Mean for Investors?

The rise in guar seed and guar gum prices is good news for investors who are invested in the guar gum industry. However, it is important to note that prices could also fall if demand or supply conditions change.

Investors who are considering investing in guar seed and guar gum should carefully consider the risks and rewards before making a decision. They should also do their research to understand the factors that are driving the market.

Here are some additional factors that could affect guar seed and guar gum prices in the future:

Weather conditions: Weather conditions in India and Pakistan, where most of the world's guar seed and guar gum is grown, can have a significant impact on prices. Droughts or floods can reduce yields and lead to higher prices.

Government policies: Government policies in India and Pakistan can also affect guar seed and guar gum prices. For example, if the government imposes export restrictions, it could lead to higher prices.

New uses for guar seed and guar gum: The development of new uses for guar seed and guar gum could also lead to higher prices. For example, guar gum is being used as a substitute for some plastics, which could increase demand and drive up prices.

Guar seed and guar gum prices are likely to remain volatile in the near future. However, the long-term outlook for the market is positive, as demand for these commodities is expected to grow. Investors who are considering investing in guar seed and guar gum should carefully consider the risks and rewards before making a decision.

As on last trading day, 14th July,2023, NCDEX guar seed price was INR 5596/Quintal, INR 5688/Quintal, INR 5799/Quintal, for 20th July 2023, 18th August and 20th September 2023 Contract. NCDEX spot price was INR 5631/Quintal. NCDEX guar gum price was INR 11,240/Quintal, INR 11,423/Quintal, INR 11,661/Quintal, for 20th July 2023, 18th August 2023 and 20th September 2023 Contract. NCDEX spot price is INR 11309/Quintal. In local physical markets (Mandi) average guar seed prices are INR 5,500/Quintal and average guar gum prices are INR 11,000/Quintal.

Friday 22 April 2022

Export of Guar Gum has increased by 12.42% in year 2021-22

As per export data provided by the “Agricultural and Processed Food Products Export Development Authority”(APEDA) for the period of April-2021 to January -2022, guar gum export has Increased by 12.42% or 29,187 MT, from 2,34,871MT in year 2020-21 to 2,64,058 MT in current year 2021-22 for the same period. Increasing export of guar gum and other guar products are good for guar growing farmers and whole guar gum industry. Guar is a very special agriculture crop, guar gum is processed product derived from guar crop it is used in various industries from food, pharmaceuticals, to drilling and fracking chemical. 


Major portion of guargum is exported to USA and other destinations for oil and natural gas industry. Currently oil and natural gas industry is bullish to NATO -RUSSIA war. Oil prices are increasing due to poor supply of crude oil in market after the ban on Russian crude oil. Crude oil is being traded around USD 111.27 /Barrel.

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Export of Guar Gum has increased by 12.42% in year 2021-22

For the current year there will be two basis factors which will support the higher prices of guar price, first factor will be lower production and second factor will be increased export of guar gum and guar products. European countries are planning to switch from Russian Crude oil and natural gas.

Oil rig count is decreasing in USA. As per Baker Hudges oil rig count currently 693 oil rig are active in USA which is 254 higher than previous year oil rig count during same period. Increasing oil rig count and drilling activities is a positive news for the indian guar gum industry. Global demand of crude oil will boost the oil prices and that will lead to increase in new oil drilling activities in USA.

As on today NCDEX guar seed price is INR 6364/Quintal for 20th May contract. NCDEX spot price is INR 6350/Quintal. NCDEX guar gum price is INR 12452/Quintal for 20th May contract. NCDEX spot price is INR 12400/Quintal. In local physical markets (Mandi) guar seed prices is INR 6200/Quintal and guar gum prices is INR 12500/Quintal.

Thursday 28 November 2019

Guar Seed supply will remain tight due to lower production

As per export data released by the “Agricultural and Processed Food Products Export Development Authority”(APEDA) for the period of April-2019 to August-2019, guar gum export has declined by 18.28% or 40,648 MT, from 2,22,454 MT in year 2018 to 181806 in current year 2019 for the same period. Declining export of guar gum year by year is concern for guar growing farmers and whole guar gum industry. Guar gum is a unique agriculture product which can be used for different purpose due to its physical and chemical property. 

Major portion of guar gum is exported for oil and natural gas industry. Currently oil and natural gas industry is stagnate. Oil prices are stable due to over production by OPEC countries, which is sufficient for the global demand. Crude oil is being traded around USD 64.27 /Barrel. High dependency on oil and natural gas industry is not is favour for Indian guar gum industry. There is requirement of regular research and development to increase the consumption of Guar gum in food industry and other industries. 

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Guar Seed supply will remain tight due to lower production
Oil rig count is decreasing in USA. As per Baker Hudges oil rig count currently 803 oil rig are active in USA which is lower by 276 then previous year oil rig count during same period. Declining oil rig count and drilling activities is not a positive news fro the indian guar gum industry. Global demand of crude oil will boost the oil prices and that will lead to increase in new oil drilling activities in USA. Gulf countries are covering their trade deficit by increasing the crude oil production. Increasing crude oil production by gulf countries is keeping pressure on crude oil prices. 

Due to poor performance of guar commodity in previous years, farmers are making distance from Guar cultivation. This year Guar crop was cultivated on 30,87,789 Hectare area. As per advance estimate by Rajasthan Govt guar production is expected to remain around 10,31,427 MT in Rajasthan for Kharif-2019. 2,00,000 MT guar seed production is expected from other guar growing states. This year rainfall was not distributed properly in whole guar growing belt. Farmers preferred Bajra crop over Guar crop due to better performance of Bajra crop. 

There are no any major chances of price rise in near future due to declining demand of guar gum powder, but prices may boost due to tight supply as production of guar seed is limited. Cultivation area is also shrinking. Farmers can hold 70% production for next 3-4 months. 

In this week NCDEX guar seed price is INR 4135/Quintal for 20th December contract. BSE Guar seed price for 20th December contract is INR 4093 /Quintal. NCDEX spot price is INR 4075/Quintal. NCDEX guar gum price is INR 7510/Quintal for 20th December contract. NCDEX spot price is INR 7565/Quintal. In local physical markets (Mandi) guar seed prices is INR 4300/Quintal and guar gum prices is INR 7600/Quintal.

Tuesday 3 September 2019

Export of Guar products will increase in 2019-2020

Guar is major farm export from India after Rice. It always remains hot tradable agriculture commodity. India is major exporter of Guar in world. India export Guar to More than 100 countries. USA, China, Russia, Norway, Netherlands, Argentina, U.K. Italy, Chilie are major export destination for Indian Gaur. Last year ( 2018-2019) India exported 5,13,211 MT of guar products values of 676 Million USD or INR 4,70,704 Crore with 12.89 % growth in export quantity on previous year ( 2017-2018) export. India Export Guar in many forms like Guar gum powder, Guar protein, Guar Splits, Guar meal. 

Rainfall has covered most of Guar growing belt and there is sufficient rainfall for sowing of the Guar. As per Rajasthan Govt guar sowing has completed on 91% of targeted guar sowing area. Till 30th August guar sowing has completed on 28,41,100 hectare Area during the same period guar sowing was completed 30,80,000 hectare Area. Major production of Guar comes from the rainfed area. If the second round rainfall will remain good then production of guar crop will be normal. The production of guar seed will be around 60,00,000 to 80,00,000 Bags ( 100 Kg each ).

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If we look at the annual lowest price of commodities, guar is preforming well. Annually it is growing 10-15% since last four years. Due to its export potential, it is strong commodity it is used by many industries. Use of Guar gum powder is using for human consumption. Except food processing it is used as dietary fibber. Many pharmaceutical companies are making guar based dietary fiber supplements. It is used to clean the intestine and constipation. IT is also researched that guar increases the metabolism and help the diabetic patients. 


Prices of guar keep moving up and down till fresh guar crop will be available for sale in market. Next one month is very important as a lot of disease attacks in September month. If the rain will not regular then crop may damage due to scarcity of moisture. There can be various factors which may impact the prices. Pakistan has also received the sufficient rainfall in guar growing belt of Pakistan. New production will come in last week of October but condition of crop will be clear by the end of September Month. 

In this week NCDEX guar seed price is INR 4215/Quintal for 20thSeptember contract. BSE guar seed price for 30th September contract is INR 4192 /Quintal; NCDEX spot price is INR 4250/Quintal. NCDEX guar gum price is INR 8400/Quintal for 20thSeptember contract. NCDEX spot price is INR 8400/Quintal. In local physical markets (Mandi) guar seed prices is INR 4400/Quintal and guar gum prices is INR 8600/Quintal.

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