After a period of minor corrections, the Guar seeds market appears to be entering a phase of stability. Over the last week, prices in major trading hubs such as Jodhpur oscillated only slightly, settling in the range of US$58–61 per quintal—a modest decline of approximately US$2.40 from the previous week. Despite increased arrivals in Ganganagar and Barmer, robust buying by processors and moderate yet stable demand from guar gum mills kept the market from deeper declines.
Industry analysts suggest that the convergence of persistent export demand for guar gum and active processor participation is likely to underpin current values in the near term. Traders also note that the resilience in processed guar gum pricing, particularly from India and Vietnam, acts as a support for underlying raw seed prices. Nevertheless, as harvest accelerates in Rajasthan, monitor arrivals and short-term weather volatility, as these could quickly shift market sentiment or price floors.
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📈 Prices
| Market/Exchange | Product | Closing Price | Weekly Change | Currency | Sentiment |
|---|---|---|---|---|---|
| Jodhpur | Guar Seeds | US$58–61/qtl | -US$2.40 | USD | Neutral/Stable |
| FOB Hanoi | Guar Gum Powder (Organic) | €4.05/kg | -€0.04 | EUR | Soft/Moderate |
| FOB New Delhi | Guar Gum Powder (Organic) | €4.20/kg | -€0.05 | EUR | Soft/Moderate |
🌍 Supply & Demand
- Arrivals increased in Ganganagar and Barmer—key production belts.
- Processor buying remains active, preventing further price declines despite larger arrivals.
- Guar gum mills maintain moderate demand, linked closely to stable export orders.
- Export demand for guar gum (India, Vietnam supplying key Asian and Western markets) sustains market.
📊 Fundamentals
- Recent price corrections appear to have bottomed out with active processor support.
- Stock levels: No significant new stocks reported, but steady pipeline inventory.
- Speculator activity remains limited; most volume from actual trade/processing demand.
- Pricing of processed guar gum marginally softer, reflecting slightly easier supply but ongoing export activity.
🌦️ Weather Outlook
- Rajasthan (main guar growing region) is currently experiencing normal to slightly above-normal post-monsoon moisture, favourable for late crop development.
- Short-term forecasts predict stable weather—low risk of adverse events over the next week.
- Good soil moisture is likely to support stable yields, though excessive late-season rains could delay harvest.
🌍 Global Production & Stock Comparison
| Country | 2023/24 Production (Est.) | 2022/23 Stocks | Export Share (%) |
|---|---|---|---|
| India | 1.2 million MT | Medium | ~80% |
| Pakistan | 120,000 MT | Low | ~10% |
| Other (e.g., Sudan, US) | Small/Negligible | Minimal | Minor |
📆 Trading Outlook & Recommendations
- Short-term stability expected; underlying support from processors and export demand.
- Watch for further increases in arrivals, especially in Rajasthan, which could exert mild downward pressure.
- Monitor weather patterns—any unusual events could alter yield expectations and price sentiment rapidly.
- Spot guar gum price trends in key FOB markets (New Delhi, Hanoi) as proxies for processed product demand.
- Buyers: Secure short- to medium-term needs if prices approach lower bound (US$58/qtl).
- Sellers: Consider incremental sales to take advantage of export-driven stability, but monitor harvest and global gum trade headlines closely.
⏩ 3-Day Regional Price Forecast
| Market | Current Price | 3-Day Forecast | Trend |
|---|---|---|---|
| Jodhpur (Guar Seeds) | US$58–61/qtl | US$57–61/qtl | Stable/Soft |
| FOB New Delhi (Guar Gum Powder) | €4.20/kg | €4.15–4.22/kg | Steady/Marginal Softness |
| FOB Hanoi (Guar Gum Powder) | €4.05/kg | €4.00–4.08/kg | Steady/Marginal Softness |
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