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Monday, 15 October 2018

In peak arrival period, arrival of guar seed is not increasing in local markets.




This is peak arrival time of guar. Most of guar seed stockist and processors buy and stock guar seed in this season only. Arrival of guar is noted poor in all the major guar markets in the starting of arrival season. Peak arrival of guar seed may take another 10-15 days. Quality of Guar is noted poor in most irrigated belts, but traders are buying it. Once the guar processing factories will start then consumption of Guar will also increase from factories. There are demand of 30,000-45,000 bags of Guar per day processing consumption. Guar price may volatile with poor arrival, poor quality and increase global demand. 



In global market volatility may come in Crude oil prices. Recently US has announced to sanction against the Saudi Arabia. If the crude prices cross in level of USD100/MT. It will boost fracking oil production globally. Consumption of Guar gum will increase with the increased fracking activities. As per export data export of guar gum is increasing. This is election year prices of most of food commodities are under control with good availability and increased production. Scenario with guar commodity is different. Production of guar is estimated poor than previous year, demand of gaur gum is expected to increase with increasing prices. In Forex market USD is stronger than Rs, US importer will try of import more quantity guar gum with strong USD. 

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Stockist and speculators are active with prediction of low production and increasing demand. After Diwali guar seed and guar prices may start to move upward. Current prices levels of guar seed are good to buy or stock. There is lesser space for lower movement with bad fundamentals upward side is open with good fundamentals. Last year Guar sport prices were around 3700-3800/100Kg during the October month. This year spot prices of guar seed are moving around 4200-4300/100Kg in this month. There is basic boost of 400-500 / 100Kg in sot prices. Fundamentals of guar seed are strong for this year.


Guar seed and Guar gum commodities are being traded strong in local guar growing belt. Prices of Guar seed and Guar gum are quoted strong. Future trading of Guar seed and Guar gum are strong weak due to poor arrival and strong buying. Good quality of guar seed is traded at Rs 4300/100Kg and average quality guar seed is traded at Rs 4100/100 Kg. Standard quality guar gum is traded at Rs 9200/100 kg. In interior location, guar seed is traded up to 4000/100 Kg. Guar seed is being traded strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar seed-10MT is being traded at Rs 4269, 4329, 4395 higher by 2.88 percent or INR 119.5/100 Kg, 2.2 percent or INR 94.5/100, 1.96 percent or INR 85.5/100 Kg with open interest of 3910, 110780, 15880 for October, November and December month contracts. 

Guar gum is also being traded strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum- 5MT is being traded at Rs 9315, 9471, 9605 higher by 2.89 percent or Rs 262/100Kg, 2.46 percent or Rs 227/100, 2.56 percent or Rs 240/100 with an open interest of 805, 63620, 3600 for October, November and December month contracts.

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