Guar seed and guar gum traded weak in local markets.

Prices of Guar seed and Guar gum are declining due to selling pressure at higher levels. Demand and supply are both stagnant at this moment. There is no demand for Guar seed and Guar gum at higher levels. The supply of guar is not going to change for the next 6-7 months. For the next 6-7 months, there will be no new arrivals of Guar seed. The arrival of monsoon will provide some predictions about the Guar seed supply. There will be a general election in India in May-June. Currently, there is no major business activity in the guar business. New investment will come after the general election and the formation of a new government. The new government will bring new policies and guidelines for international business and trade.

On 1st March 2024, an event on guar is being organized in Jaipur (Rajasthan). This event, "Guar International-2024," will be exclusively for guar industry stakeholders. The event will engage all stakeholders; some positive results will come out of this event. It will provide a clear picture of trade statistics, ideas about new uses of Guar gum, and new technologies in Guar gum extraction.

                                   Guar seed and guar gum traded weak in local markets.

Crude oil prices are recovering this month. Due to increased demand for crude oil from China and India, prices are recovering. At the current level of crude oil, we can't predict the higher demand for Guar gum from the oil and natural gas industry. Currently, Brent crude oil is being traded at 83.47 USD/barrel, and WTI crude oil is being traded at 79.19 USD/barrel. OPEC predicts higher demand for crude oil and better economic growth. According to Baker Hughes' global rig count data, there are 64 more active rigs internationally than the previous year this week.

Guar seed and Guar gum prices are declining in local physical markets. Prices of Guar seed and Guar gum are being quoted lower than commodity exchanges NCDEX. Future trading of Guar seed and Guar gum is also expected to decline due to no business at current price levels. Good quality Guar seed is traded at Rs 5200/100 kg, and average-quality Guar seed is traded at Rs 4800/100 kg. Standard quality Guar gum is traded at Rs 10200/100 kg. In interior locations, Guar seed is traded up to 4700-4800/100 kg. Guar seed is being traded strongly in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd), Guar seed-10MT is traded at Rs 5300, lower by 0.56 percent or Rs 30/100 kg, with an open interest of 25 for Feb month contracts.

Guar gum is also traded strongly in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd), Guar gum-5MT is traded at Rs 10340, lower by 0.41 percent or Rs 43/100 kg, with an open interest of 300 for Feb month contracts."

Guar International- 2024, An exclusive international event on "guar" on 1st March,2024.

Guar International - 2024, An exclusive international event on "guar" on 1st March, 2024.

Guar Industry is facing new challenges in changing business environment. Business environment is changing, Technology is changing, New Trade barriers are emerging, New environment regulation are being implemented, Trade practices are changing with climate change, to face these issues, entire Guar industry must come closer, discuss these issues, find out the solutions and lead the entire industry to make ready for emerging challenges. Guar International is emerging as platform for entire guar industry to face new challenges. 

NICR (NCDEX) and tefla's are jointly organizing the international business event on “GUAR”, it will include Conference, Exhibition, Awards and Networking.

Book Your Presence And Get Benefited From This Business Event On “Guar”. Get yourself registered and book you seat for this event. Top industry leader will be present at one place for Guar.

This event is exclusively for all the stake holders of “GUAR” like Guar seed & Guar gum Traders, Guar seed & Guar gum Stockist, Guar seed Processors, Guar gum Manufacturers, Guar products Exporters, Guar Products Importers, Guar seed and Guar gum Agri commodity traders, Market research Analyst, Guar farmers, Guar seed companies, Guar Research institutes, Scientist, Guar plant & machinery suppliers and other service providers. 

This event will cover entire range of guar products including guar seed, guar churi, guar korma, guar gum, guar split, guar gum powder, modified guar gum and other guar derivative. 

This is best event to discover the future by diving into cutting edged innovations and market dynamics shaping the Guar industry.  

(Please contact for spot booking and other business enquires, Mr. Shubham Singh - Ast. Project Manager, Teflas, Contact Number : +91 9518779542, Email : s.shubham@teflas.com )

Guar Seed and Guar Gum prices declined, due to profit booking at upper level.

Guar Seed and Guar Gum prices declined, due to profit booking at upper level.

Guar seed and Guar gum prices were quoted lower than last closing due to profit booking at upper level. Prices remained under pressure of profit booking for entire day. Since morning prices did not recover. Prices kept declining due to selling pressure. The selling pressure was also seen in the local market. Prices were quoted lower in local physical markets.  

Export demand of guar is not picking due to lower demand form the oil and natural gas industry. Oil and Natural Gas industry is leading demand generating industry. Slowly and slowly demand is generated from other industries also. New R&D is being set up and use of guar gum in increasing. Food Industry will emerge as next buyer of guar gum powder. Application of guar gum in Food industry is increasing. Before 4-5 years guar gum was not available in retail packing for the end customer. Today thousands of products of guar gum are available in retail packing for end customer use. Due to its health benefit property. guar gum is used as food supplement in different form.

                   Guar Seed and Guar Gum prices declined, due to profit booking at upper level.

Guar cattle feed / guar korma churi is Methane-reducing cattle feed supplement. That is good for the climate and animal health. Guar korma / Churi is good source of the digestive protein. Guar korma is balanced nutrition source for the chicken fee, cattle feel, fish meal, animal feed. There is around 35-50% protein content in Guar Churi Korma.

Due to increased supply and stagnant demand currently crude oil prices are also not so strong. High demand of guar gum from oil and natural gas cannot be predicated at this current price level. Currently Brent crude oil is being traded are 77.33 USD/Barrel, and WTI crude oil is being traded at 72.28 USD/barrel. OPEC is trying to capture its position in world crude oil market. OPEC owned OPEC Fund is investing USD 1.7 Billion for international development in global climate change and energy transition. As per Baker Hudges global rig counts data there are 64 more active rigs count then previous year in this week USA.

Guar seed and guar gum prices are weak in the local physical markets. Prices of Guar seed and guar gum are quoted lower than Commodity exchanges NCDEX. Future trading of Guar seed and guar gum is also expected to remain stable due to stagnant business at current price level. Good quality of Guar seed is traded at Rs 5300/100Kg and average quality Guar seed is traded at Rs 5000/100 Kg. Standard quality guar gum is traded at Rs 10200/100 kg. In interior location, Guar seed is traded up to 4700-4800/100 Kg. Guar seed is being traded weak in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar seed-10MT is traded at Rs 5290, 5348 lower by 1.34 percent or Rs 72/100Kg, 1.31 percent or Rs 71/100 Kg with an open interest of 43055, 49595 for Feb and March month contracts. 

guar gum is also traded strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar gum- 5MT is traded at Rs 10075, 10243, 10389 lower by 1.40 percent or Rs 143/100Kg, 1.42 percent or Rs 148/100 Kg, 1.66 percent or Rs 175/100 Kg with an open interest of 24855, 33085, 140 for Feb, March and April month contracts.

Guar Seed and Guar Gum prices recovers after union Budget 2024

The prices of guar seed and guar gum were slipped during last days. Today guar seed and guar gum prices have shown the recovery during the budget speech. The new interim budget is focused on value addition of the agriculture produce. In this budget the allocation of the funds for the Agriculture and farmers welfare ministry is Rs 2,000 Crore higher than the previous year. This year Finance Ministry has allocated Rs1,17,529 Crore budget for Agriculture and Farmers Welfare Ministry. Last year there was allocation of the Rs 1,16,789 Crore.

Guar gum export from India is mainly done in split form or powder form. Both the form of guar exported are in almost raw form. Importing countries are doing the value addition and selling guar products at ten time higher price. The stake holder of guar gum industry should understand it. Since India is main producer of guar seed and guar gum in world, so the maximum value addition work must be done in India only. Investment in R&D will require, in developing the new value addition products. After that the R&D must lead to patented product and process.

Guar Seed and Guar Gum prices recovers after union Budget 2024

Though central Govt has presented the budget, but it is interim budget. Generally full budget is meant for the long term policies. But this budget has given understanding that govt is now focusing on value addition. Guar requires a lot of R&D and value addition. India is leader in guar gum seed production, guar gum processing and Guar gum export but it is tacking behind in value addition and R&D. Prices of guar may try to stabilize at current level. 

Currently crude oil is strong and it expected that demand of crude oil may also increase in coming future. Currently Brent crude oil is being traded ar Rs 78.93 USD/Barrrel, and WTI crude oil is being traded at USD73.82 USD/barrel.

Guar seed and Guar gum prices are stable in the local physical markets. Prices of Guar seed and Guar gum are quoted lower than Commodity exchanges NCDEX. Future trading of Guar seed and Guar gum is also expected to remain stable due to no business at current levels. Good quality of guar seed is traded at Rs 5250/100Kg and average quality guar seed is traded at Rs 4800/100 Kg. Standard quality guar gum is traded at Rs 10200/100 kg. In interior location, guar seed is traded up to 4700-4800/100 Kg. Guar seed is being traded strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) guar seed-10MT is traded at Rs 5312, 5370 higher by 0.04 percent or Rs 2/100Kg, 0.06 percent or Rs 3/100 Kg with an open interest of 49385, 42155 for Feb and March month contracts.

Guar gum is also traded strong in the future market. At NCDEX (National Commodity & Derivatives Exchange Ltd) Guar gum- 5MT is traded at Rs 10130, 10287 higher by 0.65 percent or Rs 65/100Kg, 0.71 percent or Rs 73/100 Kg with an open interest of 28760, 29615 for Feb and March month contracts.