Guar Gum and Guar Seed Prices Rise per Quintal at middle March 2012

Guar gum prices rose 15.76 percent, guar seed prices rose 15.31 percent, India’s guar complex prices rose to whopping heights on lower arrivals amid high demand from food sector, oil companies etc. The guar seed prices rose to 15.31% to Rs 25,370 per qtl from Rs 22,000 per qtl and guar gum up 15.76% to Rs 80,690 per qtl from Rs 69,700 per qtl during the last week period (9th March to 16th March 2012).

Guar gum and guar seed prices are expected to stay high until fresh arrivals reach Market and the next arrival is expected reach by around September. Even though Forward Market Commision took various measures to control the prices rise but the commodities continued to rally higher mainly on the back of high overseas and domestic demand.

Guar gum finds wide applications in the field of textile, paper, medicines, cosmetics, mining, explosives, food etc. Meanwhile, the exports of guar gum from April to November 2011 stood at 6.7 lakh tons showing a rise of 194% compared to 2.28 lakh tons during a year ago.

India’s total guar seed production is estimated at 16 lakh tons for 2011-12. India being the only supplier of Guar gum to the global markets accounting for 80% of the global exports, Indian exporters has monopoly in deciding the price trend.

Category: guar gum price, guar prices per quintal, guar production 2012, guar seed prices, Info Commodity, march 2012 guar market