Export of Guar products will increase in 2019-2020

Guar is major farm export from India after Rice. It always remains hot tradable agriculture commodity. India is major exporter of Guar in world. India export Guar to More than 100 countries. USA, China, Russia, Norway, Netherlands, Argentina, U.K. Italy, Chilie are major export destination for Indian Gaur. Last year ( 2018-2019) India exported 5,13,211 MT of guar products values of 676 Million USD or INR 4,70,704 Crore with 12.89 % growth in export quantity on previous year ( 2017-2018) export. India Export Guar in many forms like Guar gum powder, Guar protein, Guar Splits, Guar meal. 

Rainfall has covered most of Guar growing belt and there is sufficient rainfall for sowing of the Guar. As per Rajasthan Govt guar sowing has completed on 91% of targeted guar sowing area. Till 30th August guar sowing has completed on 28,41,100 hectare Area during the same period guar sowing was completed 30,80,000 hectare Area. Major production of Guar comes from the rainfed area. If the second round rainfall will remain good then production of guar crop will be normal. The production of guar seed will be around 60,00,000 to 80,00,000 Bags ( 100 Kg each ).

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If we look at the annual lowest price of commodities, guar is preforming well. Annually it is growing 10-15% since last four years. Due to its export potential, it is strong commodity it is used by many industries. Use of Guar gum powder is using for human consumption. Except food processing it is used as dietary fibber. Many pharmaceutical companies are making guar based dietary fiber supplements. It is used to clean the intestine and constipation. IT is also researched that guar increases the metabolism and help the diabetic patients. 

Prices of guar keep moving up and down till fresh guar crop will be available for sale in market. Next one month is very important as a lot of disease attacks in September month. If the rain will not regular then crop may damage due to scarcity of moisture. There can be various factors which may impact the prices. Pakistan has also received the sufficient rainfall in guar growing belt of Pakistan. New production will come in last week of October but condition of crop will be clear by the end of September Month. 

In this week NCDEX guar seed price is INR 4215/Quintal for 20thSeptember contract. BSE guar seed price for 30th September contract is INR 4192 /Quintal; NCDEX spot price is INR 4250/Quintal. NCDEX guar gum price is INR 8400/Quintal for 20thSeptember contract. NCDEX spot price is INR 8400/Quintal. In local physical markets (Mandi) guar seed prices is INR 4400/Quintal and guar gum prices is INR 8600/Quintal.