Guar Gum Export from India in year 2017-2018 was 4,94126 MT

As per primary data released by APEDA, 494126 MT of Guar gum was exported during last fiscal year from April-2017 to March-2018. Value of exported guar gum is 647 Million USD or 4170 Crore Indian Rupees. Guar gum is major farm export commodity form India. 

During the last fiscal year, there was the export of 419952 MT of Guar gum during the period from April 2016 to March 2017. Value of exported Guar gum for the period from April 2016 to March 2017 was 463 Million USD or 3107 Crore Indian Rupees.

This year (2017-2018) there is an increase of 74,174 MT in the export quantity of Guar gum in comparison to last year (20016-2017) or 17 % increase in export quantity. This year (2017-2018) there is the increase of 184 Million in the value of exported Guar gum in comparison to last year (20016-2017) or 39 % increase in export value in USD. In Indian rupees this year (2017-2018) there is the increase of 1063 Crore rupees in the value of exported Guar gum in comparison to last year (20016-2017) or 34 % increase in export value in Indian rupees. This year (2017-2018) there is the increase of 206 USD/MT in the rate of exported Guar gum in comparison to last year (20016-2017) or 18.63 % increase in the rate of exported Guar gum (USD/MT).

During the month March– 2018 there was an export of 44,417 MT of Guar gum. Value of exported Guar gum during March-18 is 50 Million USD or 457 Crore Indian Rupees. During month March 2018 Guar gum was exported at the rate of 1575 USD/MT or approximately INR100/Kg. During February-2018 Guar gum was exported at the rate of 1497 USD/MT or approximately INR 95/Kg.

Data are very positive for rest of period of the current budget year. After the analysis, it was found that all the figures are positive. If the exports, go on at the current rate then there will export of 3,20,000 MT Guar gum in next 8 Months. There will further requirement of around 11,00,000 MT of Guar seed for export purpose. There will also the requirement of 20,000 MT for Guar seed sowing purpose. There will be total requirement of 13,00,000 MT of Guar seed up to the arrival of the New crop. As per one estimate, 6,00,000 MT Guar seed has been after arrival from the new crop. In the current Guar seed production cycle (November-17- October-18) there is the tentative demand of 20,00,000 of MT of Guar seed as per market men there was the production of 9,00,000 MT of Guar seed in the current production cycle. The shortfall is expected to complete with carryover stock. But the supply of Guar seed will be remaining very tight for rest of period.

Crude oil prices are increasing, and demand for guar gum powder is expected to increase. If the demand for guar gum powder will increase, then the gap between supply and demand will increase further. Guar is major drilling chemical used in fracking technology for crude oil exploration from the shale formation. The USA is producing more crude oil to increase its global market share in crude oil export.