The global guar seeds and gum market is in a cautious phase, characterized by softer price trends and subdued export momentum. After a period of robust demand, especially from overseas buyers in the oil and food industries, the market has seen a notable cooling-off. In major Indian production hubs like Rajasthan and Gujarat, steady arrivals and sufficient stocks have added to price softness. Export inquiries, particularly from the US and European countries, have diminished as buyers adopt a wait-and-see approach with the hope of lower prices. Processing activity has followed suit, with guar gum processors curbing operations while monitoring both global demand signals and domestic price developments.
The fundamental outlook, however, remains resilient. Weather in India’s primary producing areas is favorable, supporting expectations for a better-than-average harvest if conditions persist. As the sowing season unfolds and with the monsoon progression under keen watch, the guar market’s sentiment remains in balance—potentially poised for a rebound should export activity revive, especially from the oil drilling sector. For now, participants are advised to monitor arrival trends, weather developments, and export order flows closely, as these will dictate market direction in the near term.
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📈 Prices at a Glance
| Product | Market/Origin | Current Price | Previous Price | Weekly Change | Sentiment |
|---|---|---|---|---|---|
| Guar Seed (Std Quality) | Jodhpur, IN | $1,200–$1,250/qtl | $1,260–$1,310/qtl | ↓ $60/qtl | Weak |
| Guar Gum (Industrial Grade) | Jodhpur, IN | $2,880–$2,950/qtl | $2,960–$3,020/qtl | ↓ $70/qtl | Soft |
| Guar Gum (Export Grade, 220–230 mesh) | Jodhpur, IN | $3,050–$3,120/qtl | $3,090–$3,160/qtl | ↓ $40/qtl | Soft |
| Guar Gum (Powder, Organic – VN) | Hanoi, VN | €4.11/kg | €4.09/kg | ↑ €0.02/kg | Stable |
| Guar Gum (Powder, Organic – IN) | New Delhi, IN | €4.27/kg | €4.25/kg | ↑ €0.02/kg | Stable |
🌍 Supply & Demand Drivers
- Steady Arrivals: Daily arrivals in key mandis at 35,000–40,000 bags, indicating healthy supply streams.
- Export Inquiries: Weak demand from US and Europe, with buyers waiting for better price levels, especially for export-grade gum.
- Processing Activity: Scaled-back processing; slow orders from both oil/gas and food industries.
- Stock Levels: Adequate stocks at processors and mandis are keeping prices under pressure in the short term.
📊 Fundamentals & Market Context
- Major price correction driven predominantly by weak export booking and less aggressive speculative interest.
- Industrial buyers remain on the sidelines amid expectations for softer prices and modest export sales.
- Long-term fundamentals remain supported by expected demand uptick from petroleum sector as oil prices stabilize globally.
🌦️ Weather Outlook & Sowing Update
- Rajasthan & Gujarat: Weather this week is largely favorable with good soil moisture and more rainfall forecast over the coming days, supporting healthy crop prospects.
- Haryana: Conditions remain optimal for crop development. Monsoon progression is timely, boding well for overall yields.
- Any delay or erratic pattern in monsoon could affect sowings, with risks of tightening supplies if adverse weather emerges late in the season.
🌐 Global Production & Stock Comparison
| Country | 2023 Production (est.) | 2023 Ending Stocks | 2024 YTD Export Trend |
|---|---|---|---|
| India | 1.5 mln MT | Approximately stable | Stable to weak |
| Pakistan | 0.07 mln MT | Declining | Flat |
| US/EU (Importers) | – | Moderate stocks | Low buying interest |
📆 Trading Outlook & Recommendations
- Short-term corrections possible; remain alert to any pickup in export buying, especially from US/EU oil and gas sectors.
- Monitor weekly arrival data from Rajasthan, Gujarat, and Haryana for any deviation from normal levels.
- Watch the monsoon’s impact closely for any late adverse effects on crop size or quality.
- Processors and exporters may consider building light inventory at current prices, safeguarding against potential supply tightening if sowing is reduced.
- Speculators should wait for clearer signals from export order flow and sowing data.
📅 3-Day Regional Price Forecast
| Market/Exchange | Product | Price Range Forecast | Trend |
|---|---|---|---|
| Jodhpur (IN) | Guar Gum (Industrial) | $2,850–$2,940/qtl | Weak to Neutral |
| Jodhpur (IN) | Guar Seed (Std) | $1,180–$1,240/qtl | Soft |
| FOB – New Delhi (IN) | Guar Gum (Powder, Organic) | €4.24–€4.30/kg | Stable |
| FOB – Hanoi (VN) | Guar Gum (Powder, Organic) | €4.08–€4.15/kg | Stable |
