Guar seed and Guar gum prices are downward due to sluggish business in financial year ending



Guar seed price and guar gum price are downward in this month in the forward market due to instability in the stock market and falling crude oil prices. Guar seed and guar gum price are stable in the local mandi. Guar seed and guar gum business are sluggish local markets. Guar seed price and guar gum price are fundamentally strong. There is global demand due to stable crude oil prices and increase crude oil production by the fracking process. It is confirmed that the USA will be largest crude oil producer in coming days by the fracking process. Guar gum demand will increase with increasing fracking process.

In current week prices of crude oil price is falling in the international market as the inventory of crude oil is increasing in the USA. OPEC and other oil-producing countries are committed to decreasing the crude oil production. There is some sentimental pressure of crude oil prices on upward movement of Guar seed and guar gum price. Businesses are also sluggish due to the year ending closing. Govt has summoned the Head of banks due to some financial irregularities in the banking system. In recent scam involvement of banks have come in news due to this there is a downward trend in the stock market and the same effect is coming in the commodity market. 



The arrival of Guar seed is very poor in local markets. It will remain poor as major arrival period has gone. After 15-20 days the arrival of Rabi crop will start, and the arrival of guar will stop completely. Most of the grain merchant will be busy in trading and buying of Rabi commodity. This year Churi Korma is also performing better. Prices of Guar Churi Korma is better than previous years. It is trading around 2700/Quintal. 

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Refined Guar Gum Split ( Processed from guar seed ) 
Guar seed and guar gum price are not performing as per fundamental of factors. March expectation was around 5000/100Kg for guar seed. Guar Gum is performing poor due to poor demand. Good quality of guar seed is traded at Rs 4300/100Kg and average quality guar seed is traded at Rs 4200/100 Kg. Standard quality guar gum is traded at Rs 9300/100 kg. In interior location, guar is traded up to 4000/100 Kg. 



Guar seed is being traded week in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar seed-10MT is being traded at Rs 4252, 4247, 4270 lower by 1.09 percent or INR 47/100 Kg, 1.3 percent or INR 56/100 Kg, 1.47 percent or INR 63.5/100 Kg with open interest of 37330, 135950, 9140 for March , April and May months. Guar gum is being traded weak in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum- 5MT is being traded at Rs 8870, 8962, 9048 lower by 1.63 percent or Rs 147/100Kg, 1.7 percent or Rs 155/100 Kg, 1.79 percent or Rs 165/100 Kg with open interest of 13015, 61390, 1225 for March, April and May contract.



Guar seed and guar gum price, are low especially the Guar gum. Generally, March month is the closing month. New business activities always remain low. The demand for Guar will increase with increasing fracking activities. New export data will come for January and February month. These data will coem very posative for Guar gum and other guar product export.

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