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Guar Commodity Prices Apr 08

(Indicative Guar Prices in US$ PMT FOB port, India)

25 April
Split - US$ 1220-1245
Seed - US$ 510-520
the guar prices showed some improvement after concern with regard to monsoon were raised.

22 April
Guar gum split - US$ 1210-1230
the prices dropped on good stocks and lack of demand.


19April
Guar gum split - US$ 1220-1240
Guar Seed - 505-515
The prices of guar had been quite under pressure and has not risen much. The main reason for that is huge availability of stocks and good expected monsoon this season. The guar crop is normally sown during June-July and harvested in Sep-Nov. growing mainly in the northern part of India.

16 April
Guar gum split - US$ 1210-1230
Guar Seed - 500-510
The prices are showing some depression of the market. Right now the demand is lull so guar is going downwards. The major supply of the world for guar gum is from India & Pakistan.

10 April
Split - US$ 1250-1270
Seed - US$ 520-530
the lack of interest in buying by exporters has made the prices of guar gum to come down. India's major supply of guar is to world market with limited local demand so unless the demand rises the prices may come under more pressure.

04/04
Guar Gum Split - US$ 1275-1295
Guar Seed - US$ 535-545
the spot market of guar almost traded in the same range but the futures dropped sharply for both guar gum and guar seed. the prices of guar mainly depends upon the export demand as India's major production is shipped to U.S, Europe and other countries. Unless exporters buy actively the guar prices may fall in spot market too.

1st April 08
Guar Gum Split - US$ 1270-1285
Guar Seed - US$ 535-545
eu report earlier this month seems to have played dampener as guar prices haven't received much support this month

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