Guar seed and guar gum prices are in recovery trend.

Today Guar seed and guar gum closed in the upward trend. There is the improvement in the export of guar gum. Guar seed and guar gum prices have shown some recovery today after falling from the level of 4800/100Kg and 9800/100 Kg. It is necessary that this trend must be continuous for rest of week for Guar seed and guar gum prices. Stability of Guar seed above 4000/100g level is very positive fundamental for Guar seed and guar gum prices.

Geopolitical situations are taking crude oil in the upward direction. Crude oil is sustaining above the level of USD 70/barrel. As per expert, it may reach to USD 75/barrel. The USA will continue its drilling activities with increasing crude oil prices. The demand for Guar will increase with the increasing crude oil prices. The trade war between USA and China will also put an impact on global crude oil prices. Crude has crossed the level of USD71/barrel.

As per local market conditions are concerned local arrival of Guar seed has dropped. The arrival of Rabi crop has started. Traders and farmers are busy in selling and trading of Rabi commodity. After the new budget year, there is some sign of improvement in Guar seed and guar gum prices. There is news of rainfall in Guar seed growing belt, off-season rainfall may cause the loss to harvested Rabi crop. Guar churi and guar korma prices are giving good support to Guar seed prices at the lower side. 

China has put the extra duty on Soybean import from the USA. The demand for Guar Churi and guar korma may rise from China in coming days as Guar Churi and guar korma guar is the major substitute of Soya protein as animal feed protein. 

Guar seed and guar gum prices are being traded strong physical markets. Guar seed and guar gum prices are quoted higher than NCDEX prices. Future trading of Guar seed and guar gum prices is also expected to be strong with increasing export demand. The superior quality of guar seed is being 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 8900/100 kg. In interior location, guar is traded up to 4000/100 Kg. guar seed was closed strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar seed-10MT is being traded at Rs 4150, 4170, 4215 higher by 2.34 percent or INR 95/100 Kg, 2.09 percent or INR 85.5/100 Kg, 2.32 percent or INR 95.5/100 Kg with open interest of 12640, 133740, 17340 for April, May and Jun month contracts.

Guar gum was also closed strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum- 5MT is being traded at Rs 8847, 9010, 9123 higher by 1.34 percent or Rs 117/100Kg, 1.61 percent or Rs 143/100, 2.66 percent or Rs 263/100 with an open interest of 1460, 58840, 3645 for April, May and June months contract.