Guar seed and guar gum price are stable in local markets

Guar seed and guar gum are sluggish in the market. Guar seed and guar gum price are stable in the future market local market. Guar seed and guar gum business under pressure. Major pressure is coming from falling crude oil prices. Crude oil prices are down due to overproduction of shale crude oil. Crude oil prices are falling but oil companies are positive about growth in near future.

Guar seed and guar gum traders are in the wait and watch condition. Prices of Guar seed and guar gum are stable since last Friday. These 4 days were very important after four days fear market opened today and Guar seed and guar gum prices remained stable after the pressure of cure oil prices. The arrival of Guar seed in physical market is still very poor. A per marketmen per day arrival of guar and guar gum is around 15,000 Bags. Traders and farmers are confused due to falling crude oil prices. As per expert, this is a positive sign that crude oil prices are falling due to overproduction. Guar gum exporters are waiting for the price rise of crude oil. After a regular fall in crude oil prices, today prices are stable.

There are no any major expectations of sudden crises in Guar seed and guar gum prices as new arrival will come after 8 months. Existing stock of guar Guar seed and guar gum has already stored in warehouses. Within one or two downfalls, the stored Guar seed and guar gum will not come out. Stability in Guar seed and guar gum prices are more important than prices rise. Even if the prices of crude remain stable at current level then drilling will continue in USA and demand of guar gum will keep going. Existing statics are positive for Guar gum export trade, export value and export quantity of guar gum are higher than previous years. Major traded of Guar seed and guar gum in the future market has shifted to March contract.

Guar  and guar gum gum cultivation 

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 9817, 9944, 10076 higher by 0.14 percent or Rs 14/100Kg, -1.15 percent or Rs -2/100 Kg, 0.15 percent or Rs 15/100 Kg with open interest of 2435, 75285, 3315 for February, March and April contract.

Good quality of guar seed is traded at Rs 4500/100Kg and average quality guar seed is traded at Rs 4400/100 Kg. Standard quality guar gum is traded at Rs 9800/100 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 4481, 4512, 4564 higher by 0.46 percent or INR 21.2/100 Kg, 0.33 percent or INR 15/100 Kg, 0.4 percent or INR 18/100 Kg with open interest of 32680, 174560, 18760 for February, March and April month.