Guar Seed and Guar Gum Market Report Feb 11 2026 NCDEX Live Prices

Guar Seed Guar Gum Daily Market Intelligence Report February, 2026

Market Status: Post-Session Analysis

Reporting Agency: Guar Gum Cultivation Network

1. Executive Summary: The "Guar seed and guar gum Market Pulse"

The Guar complex on February 11, 2026, faced a bearish correction, with prices retreating from the previous week's highs. Despite a marginal recovery in crude oil prices today, the heavy buildup of US crude inventories and sluggish export demand have dampened the sentiment in both the NCDEX futures and Rajasthan's physical markets.

Today’s Snapshot: Guar Seed (NCDEX Feb-26) settled lower at ₹5,471/quintal (-0.18%). Guar Gum (NCDEX Feb-26) showed a deeper correction, closing near ₹10,045/quintal, a significant drop from January peaks.

The Delta: The primary driver for today's weakness is a "supply-demand mismatch." While Mandi arrivals have slowed seasonally, a 14% month-on-month decline in December-January exports has left processors with ample stocks, reducing their immediate buying appetite.

Sentiment Score: Bearish (70%) for the 7-day outlook as the market searches for a bottom near the ₹5,400 (Seed) and ₹10,000 (Gum) psychological support levels.

Guar Seed and Guar Gum Market Report Feb 11 2026 NCDEX Live Prices

2. Futures & Technical Performance (NCDEX)

	Commodity	Contract	LTP (₹)	% Change	Open Interest (OI)	Technical Signal
	Guar Seed 10MT	Feb-26	5,471	-0.18%	42,150 (Build-up)	Short Build-up
	Guar Seed 10MT	Mar-26	5,508	-0.29%	12,800	Weakening
	Guar Gum Refined	Feb-26	10,045	-0.24%	15,420	Strong Sell
	Guar Gum Refined	Mar-26	10,218	0.13%	49,975	Speculative Recovery

Technical Indicators

Pivot Point: ₹5,485 (Guar Seed)

Resistance (R1/R2): ₹5,540 / ₹5,610

Support (S1/S2): ₹5,430 / ₹5,380

RSI (14): 38.2 (Approaching Oversold territory; a technical bounce-back is possible if S1 holds).

3. Physical Mandi Intelligence (Rajasthan Belt)

The spot market is currently under pressure as millers remain sidelined. Farmers in the Ganganagar and Bikaner belts are reportedly resisting current prices, leading to a thin but steady arrival of stock.

	Trading Center	Variety	Modal Price (₹/q)	Daily Change	Arrival Volume (Bags)
	Jodhpur	Guar	5,510	-25	3,800
	Bikaner	Guar	5,455	-35	5,400
	Sri Ganganagar	Guar	5,200	-15	2,900
	Hanumangarh	Guar	5,200	-10	2,100

Average Market Price (Rajasthan): ₹5,260 - ₹5,350 per quintal.

Trend: Prices have corrected by roughly 8-10% since the January high of ₹5,700+.

4. The "Crude-Guar" Nexus (Fundamental Focus)

The North American shale sector is currently sending mixed signals to the hydrocolloid market.

Crude Oil Status: WTI Crude is trading at $64.54/bbl. While prices rose 0.9% today due to US-Iran tensions, the market is overshadowed by a massive +13.4 million barrel build in US inventories (API report), which traditionally signals a cooling in fracking activity.

Rig Count Impact: The Baker Hughes Rig Count rose by 5 rigs to 551 last week. While this is a leading indicator for future demand, the "shadow fleet" sanctions on Iran are currently the bigger geopolitical driver, causing volatility that prevents long-term hedging by Guar Gum importers.

5. Strategic Risk Matrix

• For Exporters: Critical Risk. Export volumes to the US and Russia dropped sharply in Q4 2025. With Russia remaining a key destination, geopolitical shifts are more impactful than fundamental crop size.

• For Processors: Operational Risk. With Guar Gum futures sliding, processors face negative crush margins if they procure seed at Mandi rates above ₹5,500.

• For Traders: Neutral. Look for a consolidation phase. Avoid fresh longs until Guar Seed clears and sustains above ₹5,650.

6. SEO & Metadata Package

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Keywords: NCDEX Guar Seed Price, Guar Gum Futures Feb 2026, Rajasthan Mandi Gwar Rate, WTI Crude Impact on Guar, Baker Hughes Rig Count Feb 2026, Indian Guar Gum Exports.

Hashtags

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Price Note: This report has been corrected using live NCDEX polling data from February 11, 2026, showing Seed at ~₹5,471 and Gum at ~₹10,045.