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Guar prices are moving forward

Promulgator: Guangrao Liuhe    Send date: 2017-09-19 17:02


Guar prices are moving forward and current splits price is INR 84 per KG. Please take note that due to insufficient rains in Guar growing areas everywhere, guar prices are moving forward and now a days we are hearing that splits price may touch INR 90-95 per KG soon if there will be no rains during this week.

 

1.       Irrigated areas : In irrigated areas Guar crop are very much OK. In Sri Ganganagar, Hanumangarh and Haryana, Guar crop very nice but the late sowing guar which is totally dependent upon rains in these areas are almost finished due to not having rains on proper time. Irrigated crop as of now very much OK and we are of the opinion that if there will be no rains, we will get new guar crop from these areas in beginning October 2017.

2.       Gujrat: Earlier in entire Gujrat very heavy rains fall reported and sowing of guar and other crops done. But now the guar is needed one rain water very quickly and farmers are watching the clouds. Clouds are appearing and immediately disappearing without rains. Situations are not good as we predicted earlier.

3.       Bikaner/Jodhpur: No good rains reported as of now. Crop situations are almost finished or died. Very difficult situations in these areas.

4.       Barmer/Jaiselmer: Good rains fall reported. Guar crop as of now seems very nice but again needed one water immediately or say after 10 days. If rains will be there, we except a good harvest. Otherwise again very difficult situations.

5.       Eastern Rajasthan: As of now everything seems OK but again needed one water immediately or say after 10 days. If rains will be there, we except a good harvest. Otherwise again very difficult situations.

6.       Punjab: Very difficult situations. No rain falls and again no good sowing of guar reported over there.

7.       UP/MP: Flood like situations reported but this year farmers of these areas are not going with guar due to lower prices.

 

Keeping in mind current situations, we are summarized the crop estimation for this year as under:

 

Name of Areas

Situation as of now 21.08.2017

Situations if there will be rains in next 10 days time

Sri Ganganagar/Hanumangarh and Haryana

3.5 million bags

4.0 million bags 

Gujrat

1.0 million bags

1.2 million bags

Bikaner/Jodhpur

1.0 million bags

1.5 million bags

Barmer/Jaiselmer

1.5 million bags

2.0 million bags

Eastern Rajasthan

1.5 million bags

2.0 million bags

Punjab

0.2 million bags

0.2 million bags

UP/MP

0.2 million bags

0.2 million bags

Total Guar

8.9 million bags

11.1 million bags

Converting into splits

270,000 MT

330,000 MT 

 

Carryover: I am of the opinion that when we will get new crop that time the remaining carryover will be close to 10.0 million bags of Guar seed or say 300,000 MT of Guar splits. 

So total availability of guar seed would be 18.9 million bags or say 570,000 MT of guar splits and this is only in that case if we will not get rains during the remaining days of August 2017. 

 

Guar demand:

Guar demand seems OK as of now. During April to June of 2017, India has exported guar products 145775 MT as against 77174 MT of the same period in 2016. The main increase is from Guar for O&G sector as crude oil price is supporting the market which is now close to USD. 50 per barral. Last year 1.04.2016 to 31.03.2017 India has exported Guar products 423,285.66 MT as against 325,250.71 MT of the same period in 2016. I believe this year again if the current situations will follow India will again export close to 450,000 MT of guar products as against the supply chain of 570,000 MT.

 


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