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Tuesday, 30 October 2018

Guar seed and Guar gum prices will remain strong with strong buying



During last week there was upward price movement in guar and guar gum prices due to poor arrival of guar seed in market. Stockist and processing industries are regularly buying the new arrival of guar crop in large quantity. There is news that guar crop has damaged due to heavy rainfall in irrigated areas and it has also damaged in rainfed area due to poor rainfall. There are initial predictions that arrival of guar crop will be remain tight. As per market men arrival will not improve in next 2-3 weeks due to poor arrival during Diwali festival period. There is Diwali on 7th November, a major festival in India. Upward prices movement in guar gum seed was noticed yesterday after the opening of business in future market for the current week. Price of guar is quoted high in local physical markets or grain mandi. Trade of guar seed in local market is being done at higher prices. There was no impact of down ward price movement in guar at commodity exchange on last trading day of last week. Trading of guar in physical market was unaffected with downward price movement.



Prices of guar gum is also strong with guar seed. Guar gum prices are showing upward price movement with increase in number of oil rigs in USA and increase in crude oil production. There was significant upward price movement in prices of guar gum during last week. Prices of Guar gum will also remain positive in this week. If the processors get good prices of Guar meal /Churi / Korma then prices of guar gum may be quoted low. Export data of last month has not been released by govt till now.

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Guar seed and Guar gum prices will remain strong with strong buying 
Prices of guar seed and guar gum will remain strong in this week. Farmers will carry their produce in market slowly and slowly, stockist and processors will continue to buy their produce. Prices of guar are strong and keep increasing even with arrival of new guar crop with poor quality, black seed and more moisture. Keep the position strong in physical stock. Arrival of guar seed will be poor in Jodhpur region due to damage in rainfed guar crop. Prices of Guar will remain above Rs 4500 /100Kg. Guar is being traded at higher prices in commodity or future market for next month’s contracts than the current month contract. Farmers should avoid carrying their complete produce in market in one lot. If the arrival will increase then it would put pressure on guar seed and guar gum prices.

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