Chennai: With the growing areas in Rajasthan getting good rainfall, guar seed output in the country is likely to reach 1.01 crore bags (of 100 kg). Rains were good in the whole Rajasthan belt. Output could be at least 70 lakh bags in Rajasthan. Haryana is likely to witnesses a output of 30 lakh bags, while the rest is hoped to come from Madhya Pradesh, Gujarat and Uttar Pradesh. Guar or cluster beans is a legume crop that grows best in the semi-arid regions in the country. India is the major producer of guar seed and gum, making up 80-85 per cent of the total global supply.
If the output is good, then the market could decline from the current level. Guar prices could fell by Rs 100 a quintal. Currently, guar seed is quoting at Rs 1,748.15 a quintal in Jodhpur. In the futures market, guar seed September contract is ruling at Rs 1,756 a quintal, while October contract at Rs 1,801. The prices are lower than it were during mid-July when guar seed for September contract was quoted at Rs 1,991 a quintal and spot prices ruled at Rs 1,876 in Jodhpur.
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