Guar seed Futures posted highest gains of 9.99% w-w on the back of lower arrivals and good demand (for Guar gum). Fresh crop arrivals have already started but the pace is very slow due to Diwali festivals.
On the other hand Guar gum powder is being offered at higher rates on the back of good demand from the powder manufacturer amidst lower crop estimates.
Arrivals are expected to increase after Diwali, i.e. from the next week which would cap sharp gains in the prices next week onwards.
There are reports that higher prices of Guar gum have made users to think for other alternative cheaper sources of gum for Oil exploration.
Production & Exports
Guar seed output in Rajasthan is estimated at 11.36 lakh tonnes for 2011-12 season compared to 15.46 lakh tonnes in 2010-11 (Rajasthan Farm Dept).
Production of Guar in Haryana and Gujarat is expected to be 0.2 lakh tonnes and 0.07 lakh tonnes respectively in 2011-12.
However, there are unconfirmed reports that Guar seed output may be lower around 10 lakh tonnes compared to the government target of 11.3 lakh tonne due to excess moisture in the soil during the sowing period.
According to Agriculture and Processed Food Products Export
Development Authority, Indian Guar gum exports for the period April- March 2010-11 surged by 84% and stood at 4,03,007 tonnes as compared to 2,18,473 tonnes during the last year.
In the FY 2011-12 export demand of Guar gum continued to remain higher with exports of 30,816 tonnes in the month of April 2011, up 51 % as compared with 20,376 tonnes in 2010-11 season.
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Guar Seed Edges Higher on Weak Arrivals
Published 10/31/2011, 09:31 AM
Updated 05/14/2017, 06:45 AM
Guar Seed Edges Higher on Weak Arrivals
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