The global guar seeds market continues to exhibit signs of remarkable price stability, even as international export demand weakens. Over the past week, guar gum prices in the key Jodhpur market remained largely unchanged, trading between US$106–108 per 100 kg. Physical market prices echoed this pattern, with Bikaner holding steady at US$58–59 per 100 kg, and Hanumangarh and Hisar marginally lower at US$57–58 per 100 kg. Traders report subdued interest from gum powder exporters, attributing the slow momentum primarily to softening international inquiries.
However, steady arrivals in the domestic market—paired with consistent local consumption—are acting as a stabilizing anchor for prices, minimizing the risk of sharp volatility. Analysts largely anticipate a narrow trading range in the days ahead, barring any abrupt downturn in export orders. As the harvesting season approaches, all eyes are on emerging weather patterns and export signals: current fundamentals suggest a tranquil period, but vigilance remains key.
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📈 Prices: Latest Guar Gum Market Prices
| Exchange/Market | Product | Location | Latest Price | Weekly Change | Currency | Market Sentiment |
|---|---|---|---|---|---|---|
| Jodhpur | Guar Gum | Jodhpur, IN | 106–108 | 0% | USD/100kg | Steady |
| Bikaner | Guar Seed | Bikaner, IN | 58–59 | 0% | USD/100kg | Stable |
| Hanumangarh | Guar Seed | Hanumangarh, IN | 57–58 | 0% | USD/100kg | Stable |
| FOB Offer | Guar Gum (organic) | Hanoi, VN | 4.05 | -0.04 | EUR/kg | Cautious |
| FOB Offer | Guar Gum (organic) | New Delhi, IN | 4.20 | -0.05 | EUR/kg | Sideways |
🌍 Supply & Demand Drivers
- Export Demand: Sluggish export orders from international buyers for guar gum and derivatives continue to cap upside potential. Key import markets (notably in North America and Europe) have shown only moderate interest.
- Domestic Consumption: Indian domestic consumption remains stable, absorbing steady arrivals from key growing regions and providing a safety net for seed prices.
- Physical Arrivals: Reported arrivals in Rajasthan, Haryana, and Gujarat are consistent with multi-year averages, mitigating supply shocks.
- Inventory Levels: Domestic processors and traders hold comfortable inventory, contributing to current market balance.
📊 Fundamentals Snapshot
- Guar gum processors face stable feedstock costs, with guar seed prices unmoved week-on-week.
- Open interest levels on Indian commodity exchanges show only modest speculative positioning, reflecting the prevailing wait-and-see attitude among traders.
- Export stocks remain ample, though continued weak demand could eventually weigh on pricing if inventories build up further.
🌦️ Weather & Growing Region Outlook
- Northwest India (Rajasthan, Haryana, Gujarat): Recent weather has been largely favorable, with sufficient soil moisture levels reported following pre-monsoon showers. The short-term forecast shows stable temperatures and isolated rainfall, supporting healthy crop development as the region nears peak growing season.
- Potential Risks: Any sudden shift to dry, excessively hot conditions in the coming weeks could affect late-stage pod filling and yields. Overall, no significant weather threats are expected in the next 10 days.
🌎 Global Production & Stock Overview
| Country | Production (2023/24) | Year-on-Year Change | Stock Situation |
|---|---|---|---|
| India | 1.1 million MT | Stable | Comfortable, no immediate tightness |
| Pakistan | 150,000 MT | Down | Contracted slightly due to weather |
| USA | 35,000 MT | Stable | Import reliant |
| EU | Negligible | – | High import dependence |
📌 Trading Outlook & Recommendations
- 🔹 Buyers: Consider moderate procurement at current rates; global stocks and supply outlook remain stable and unlikely to tighten abruptly.
- 🔹 Exporters: Monitor export demand and currency trends closely; a modest price uptick is possible only if new export inquiries arrive.
- 🔹 Speculators: Expect range-bound movement; upside catalysts appear limited unless a weather shock or unexpected export surge occurs.
- 🔹 End Users: Take advantage of price stability for forward coverage without fear of steep near-term escalation.
📆 3-Day Regional Price Forecast
| Market | Current Price | Forecast Range | Currency |
|---|---|---|---|
| Jodhpur | 106–108 | 105–109 | USD/100kg |
| Bikaner | 58–59 | 57–60 | USD/100kg |
| Hanumangarh | 57–58 | 57–59 | USD/100kg |
| FOB Vietnam | 4.05 | 4.00–4.10 | EUR/kg |
| FOB India | 4.20 | 4.15–4.25 | EUR/kg |
