Guar Seeds Market Navigates Mixed Trends Amid Sluggish Demand and Split-Firmness

The guar seeds market has faced a complex week marked by subdued consumer demand and contrasting performance across segments. While guar gum prices drifted lower in Indian mandis such as Jodhpur, trading at ₹9,650–9,750 ($115–116) per quintal, both arrivals and trading activity remained muted. The forward outlook is cautious, with guar gum futures mirroring the weak spot sentiment, dropping to ₹5,150–5,200 ($61–62) per quintal. Notably, export demand has softened, keeping guar gum prices under pressure. However, the market hasn’t been universally bearish—guar splits recorded firmness supported by steady buying from crushers and processors. This dichotomy signals that while poor consumer sentiment caps guar gum’s upside, limited arrivals and heightened split demand could foster intermittent volatility.

Spot guar seed prices remained under mild pressure, clocking in at ₹5,150–5,200 ($61–62) per quintal, influenced by tepid demand and moderate arrivals. The continuing disparity between performance in splits and gum underlines a market at crossroads. Ultimately, traders forecast ongoing swings, with limited supply lending any market rebound to swift reactions in consumer and export sentiment.

📈 Prices

Product	Location	Spot Price (INR/Qtl)	Spot Price (USD/Qtl)	Future Price (INR/Qtl)	Weekly Change	Market Sentiment
Guar Gum	Jodhpur (Mandi)	9,650–9,750	115–116	5,150–5,200	-150	Bearish
Guar Seed	Jodhpur (Mandi)	5,150–5,200	61–62	5,185	Slightly Down	Weak
Guar Gum Powder (FOB)	Hanoi, VN	—	€4.11/kg	—	Stable	Steady
Guar Gum Powder (FOB)	New Delhi, IN	—	€4.27/kg	—	Stable	Steady

🌍 Supply & Demand

• Arrivals: Last week saw moderate arrivals of 4,700–4,800 bags at key mandis, down from prior seasonal averages.
• Demand: Consumer and export demand for guar gum remains lackluster, while splits continued to see buying interest from processors.
• Pricing Divergence: Reduced gum demand led to price declines; firmness in splits indicated selective demand due to lower overall arrivals.
• Export: Sluggish international off-take impacted sentiment, as traders adjust to reduced overseas inquiries.

📊 Fundamentals

• Stocks: Guar gum inventory at mandis remains adequate but not burdensome, partly cushioning further price slide.
• Speculation: Futures action suggests a cautious stance, with increased risk of short-term volatility as speculative long positions unwind.
• Comparative Prices (last report): Guar gum was trading at ₹9,850 ($117) per quintal; slight softening this cycle aligns with broader demand trends.

☀️ Weather Outlook & Crop Impact

• Rajasthan: Weather models indicate average rainfall over the next 3 days in Barmer and Bikaner, key guar-producing regions. No critical weather threats reported, supporting stable production expectations.
• Temperature: Forecasts suggest highs of 32-35°C with moderate cloud cover, ideal for late-stage crop development but not expected to boost yields significantly.

🌐 Global Production & Stock Comparison

Country	2023/24 Prod. (mt)	2023/24 Stocks (mt)	Weekly Trend
India	1.7 million	300,000	Stable
Pakistan	180,000	37,000	Stable
Rest of World	80,000	20,000	Unchanged

🚦 Trading Outlook & Recommendations

• Spot guar seed and gum markets remain rangebound; caution on fresh longs until export demand revives.
• Monitor split price stability for clues on processor sentiment.
• Short-term volatility likely as arrivals remain limited and export buyers stay on the sidelines.
• Watch for any uptick in crude oil prices, as guar gum demand is partially tied to oilfield applications.
• Strategic purchases recommended on dips for processors and exporters with long-term requirements.

📆 3-Day Regional Price Forecast

Product	Region/Exchange	Forecasted Price Range	Bias
Guar Gum	Jodhpur (Mandi)	₹9,600–9,750 ($115–116) / Qtl	Flat to Slightly Down
Guar Seed	Jodhpur (Mandi)	₹5,100–5,200 ($61–62) / Qtl	Sideways
Guar Gum Powder	FOB, IN/VN	€4.10–4.30 / kg	Stable