Upward Trend in Guar Gum Prices

The guar gum market saw a sharp increase last week in India. It is due to reduced withdrawals, limited supply, and strong demand from industrialists and exporters. This trend has pushed prices higher across key markets.

In Jodhpur mandi, guar gum prices increased by USD 1,29 per kg. It is reflecting a rise of USD 0,24 per kg, fueled by rising industrial and export demand. Similarly, guar seed prices climbed by USD 0,18 per kg to settle at USD 6,60–6,66 per kg. Its primarily due to reduced arrivals in Rajasthan, Gujarat, and Haryana mandis.

Guar powder, a critical ingredient in animal feed, strengthened to USD 3,45–3,57 per kg as supply shortages and steady feed demand supported prices.

Regional and Futures Market Trends

Ahmedabad mandi experienced a price rise of USD 0,18 per kg, bringing guar seed prices to USD 6,54–6,60 per kg, supported by weak selling activity. In Hisar mandi, guar seed prices ranged from USD 6,06–6,18 per kg, driven by active purchases by gum mills.

On the NCDEX futures market, speculative buying caused guar seed January contracts to rise from USD 6,49 to 6,62 per kg. Similarly, guar gum futures increased from USD 12,99 to 13,22 per kg.

Crude Oil and Its Impact on Guar Prices

Rising international crude oil prices, which increased from USD 79,86 to 81,73 per barrel, have boosted demand for guar gum, an essential component in oil drilling fluids. This correlation continues to influence guar gum price trends.

Conclusion

Guar gum prices have surged significantly due to strong demand, limited supply, and external factors such as rising crude oil prices. Regional markets and futures trading have mirrored this upward movement, signaling robust demand across industrial and export sectors.





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