Guar Gum Exports Increase Despite Stable Prices in Indian Markets

India's guar gum exports have surged in the first half of the 2024-25 financial year, reaching new highs. According to the Ministry of Commerce and Industry, guar gum exports totaled 0.227 million tonnes between April and September 2024, up from 0.216 lakh tonnes over the same period in 2023. This growth translates to an export value of approximately $280 million, showcasing consistent demand in international markets.

However, despite the increase in exports, industry analysts anticipate stable guar gum prices in the coming months. The key factor keeping prices steady is the consistent arrival of guar in major producing states, which has prevented a significant price rise. Daily arrivals have reached around 46,000 bags, with 42,000 bags being from the current harvest season and around 4,000–5,000 bags comprising older stock. This ample supply is expected to keep prices balanced, even with strong export volumes.

Limited Export Demand

As Diwali festivities end, guar arrivals are expected to increase further. Although overall production estimates are slightly lower due to reduced guar sowing this season. Current market prices for guar range between $0,54–$0,64 per kg in producer markets, while guar gum prices in Jodhpur hover at $1,27–$1,28 per kg. This steady supply rate, coupled with moderate export demand, indicates a stable price outlook in the short term.

While demand for guar gum products has been steady internationally, it hasn’t shown rapid growth. As a result, price movements in Indian guar markets are expected to remain within a consistent range, providing a period of stability for both producers and buyers.

Conclusion: Balanced Market

India’s guar gum market reflects a stable environment, with rising exports balanced by steady arrivals and moderate demand. Prices are likely to remain stable now. Both domestic traders and international buyers can expect a consistent market environment without major price fluctuations.





Click here to reach our trading platfrom CMBroker