Guar seed and guar gum price are kept growing.

Guar seed and guar gum price are getting the boost from export demand.  Processing companies are buying guar at upper prices. With increasing drilling activity in USA, the demand for guar gum powder is increasing. Export orders of Guar and Guar gum have started to reach to Indian guar gum industry. Prices are growing. Big Processors are hedging their orders in NCDEX and booking their guar seed and guar gum split.  

Crude oil prices remained stable but lower than USD70/ barrel. There is news that Russian has cut down its crude oil production. It will give stability to oil prices.  USA is slowly and slowly increasing its international crude oil export share. As per Goldman Sachs, crude oil will cross the level of USD 80/barrel within 6 months. Within 3 months oil will cross the level of USD 75/barrel. Indian guar gum industry will benefit from it. Oil drilling activities will continue during this crude oil price rise.

Good quality of guar seed is traded at Rs 4700/100Kg and average quality guar seed is traded at Rs 4500/100 Kg. Standard quality guar gum is traded at Rs 10300/100 kg. In interior location, guar is traded up to 4300/100 Kg. guar seed is being traded strongly in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar seed-10MT is being traded at Rs 4671, 4735, 4799 higher by 0.26 percent or INR 12/100 Kg, 0.33 percent or INR 15.5/100 Kg, 0.39 percent or INR 18.5/100 Kg with open interest of 96610, 134720, 15870 for February, March and April month.

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Guar gum is being traded strongly in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum- 5MT is being traded at Rs 10326, 10497, 10621 higher by 1.28 percent or Rs 130/100Kg, 1.29 percent or Rs 133/100 Kg, 1.35 percent or Rs 141/100 Kg with open interest of 18030, 63385, 1045 for February, March and April contract.

The arrival of guar is below 20,000 bags per day.  The market is crazy for 5000 level. Farmers and traders are waiting for Rs 5000/100Kg level. Guar Churi korma is also strong due to upward movement in soybean. The physical market of guar is very strong. Strong buying has noticed in physical market at upper prices.  

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