Guar market still boiling over, FMC alarmed

Guar Gum contracts continued an upward circuit on strong fundamentals, supported by upbeat export demand. So much so that the Forward Markets Commission (FMC), the commodity markets regulator, again raised trade requirements, to dampen the race.

The commodity is used as a thickening and binding agent in the food, textiles, paper and pharmaceutical sectors, and in the oil industry for drilling of crude oil.

In 2011, the price of guar seed has risen 211 per cent and of guar gum by 290 per cent, despite the levy of special cash margins on long positions in guar futures.

Against the total estimated output of 1.5 million tonnes (MT) last year, the guar seed crop size is forecast to remain at 1.25 MT this year. With little carryover stock left from last year, the commodity is expected to remain in short supply this season. India supplies 97 per cent of global demand, through export of 400,000 tonnes of guar gum. The guar seed deficit is presently estimated at 20 per cent.

Please find today’s Update Rates:

Guar Gum Split: $8200/MT FOB Mundra Port         

Guar Meal Korma: $320/MT FOB Mundra Port

Guar Meal Churi: $305/MT FOB Mundra Port

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Vaishali.patel@rudraagro.in

Price of Guar Meal & Split

Today’s update rate for Guar meal & Split is as below:

 Guar Meal Churi:  $295/MT FOB Mundra Port

       Guar Meal korma: $310/MT FOB Mundra Port

       Guar Gum Split:  $7780/MT FOB Mundra Port

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Vaishali.patel@rudraagro.in

Guar Seed Futures Once Again Touches Roof

Guar Seed futures have extended their unrelentless bull run on Friday, again touching the upper circuit limit of 4 percent. Though there has been news of an upward revision in crop estimates and additional curbs on futures trade but that is unable to hinder the up move in the commodity prices. The commodity exchanges revised open position limits on guar complex, to rein in prices. The new position limits come into effect from January 21.

Today Price for Guar Meal & Split is as below:

Guar Meal Churi: $300/MT FOB Mundra Port

Guar Meal Korma: $315-320/MT FOB Mundra Port

Guar Gum Split: $7260/MT FOB Mundra Port

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Vaishali.patel@rudraagro.in

Guar Futures to weaken on cut in position limits

Guar Futures settled at 4% upper limit for the third straight day during the week. Expectations of tight supplies in the long run owing to robust exports and lower output have led to whopping 120% rise in Guar prices since last 2 months.

According to the second advance estimates from Rajasthan farm department, Guar seed output has been revised upward from 11.36 lakh tonnes to 12.09 lakh tonnes and area covered has been revised upward at 30.9 lakh ha against 29 lakh hectares in the first advance estimates.

Production

After harvesting a record 15 lakh tonnes of Guar crop in Rajasthan in 2010-11season (Oct 10- Sep 11), output in the current season has declined to around 12.09 lakh tonnes (Second advance Estimates)

In the current season 2011-12, which started in October 2011, output is estimated 25% lower than previous year, while exports continue to remain firm registering 68% growth during the first 6 months of FY 2011- 12 (Apr 11-Mar -12). Further. Carryover stocks of Guar in the current season is at lowest levels around 1.5-2 lakh tonnes against normal 4-4.5 lakh tonnes.

Exports

Exports of Guar gum from April to September 2011 stood at 2.86 lakh tonnes a rise of 68 % compared to 1.70 lakh tonnes during the same period last year.

In 2010-11 fiscal, Guar gum exports were almost doubled to 4.03 lakh tonnes.

India guar futures continue uptrend, hits upper circuit

India guar gum futures continued uptrend on Friday despite the market regulator, Forward Market Commission's measures to curb speculation in the commodity. In morning trade, guar gum and guar seed futures have hit the upper circuit. Guar seed has moved up sharply in the past two months on falling supplies and rising export demand, according to traders.

Today’s Rate for Guar Meal Korma is $315/MT FOB Mundra Port.

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Vaishali.patel@rudraagro.in

Price of Guar Meal

Today’s update rate for Guar meal is as below:

·        Guar Meal Churi: $265-$270/MT FOB Mundra Port

·        Guar Meal korma: $280-$285/MT FOB Mundra Port

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Vaishali.patel@rudraagro.in

Specification of Guar Split

SPECIFICATION: 

Dehusked percentage: 93.0 pct min

Color: pale-white

Odour: Odourless

Moisture: 7.0 pct max

Oil: 0.50 pct max

Albuminoids: 3.5 - 4.5 pct max

Gum contents: 86.00 pct min

Fibre: 01.00max

Acid insoluble ash: traces

Foreign matters: 0.1pct max

Black splits: 0.5pct max

No mildew and rot

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vaishali.patel@rudraagro.in

Specification of Guar Meal Churi

SPEFICIATION:
Moisture: 6-8%
Protein: 43-45%
Oil: 4-6%
Fiber: 3-5%
Ash:  4-5 %
“O & A” (Oil & Albuminoid): 43-45%
CHO (NFE): 43-45%

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vaishali.patel@rudraagro.in

 

Specification of Guar Meal Korma

SPECIFICATION:

Moisture:  7-8 %Max

Protein: 50-52 %

Sand / Silica: 1% Max

Fiber: 3-5 % Max

Oil (Fat): 6% Min

Ash: 4% Max

No Melamine

No Aflatoxin

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vaishali.patel@rudraagro.in

Indian Guar Korma

Guar Meal (it’s been on flour presentation and on granular presentation is for Cattle Feed / Calf Feed / Milk Animal Feed / Bird Feed, chickens, poultry, fish feed ). Protein can be between 50 % up to 55% .

Guar Korma highly used in Milking animals for getting more milk and more % fat in Milk is for rest of animals.

 Protein contains between 50% to 55 %.

BENEFITS:

1-Guar Meal Korma prices very lower than Soy bean meal and Corn Gluten meal.

 2-G.Korma is a good substitute of Corn Gluten Meal because of his protein content.

 3- High digest content.

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vaishali.patel@rudraagro.in