India is likely to produce 30 per cent more guarseed this season, because of good rainfall and better yield. The overall production will reach 10 million bags (each 100 kg) compared with 7.5 million bags last year. Futures have fallen by 8.4 per cent since the beginning of this month.The arrival has just begun in a minuscule way which is expected to gain momentum by the mid of October. Rajasthan, Haryana, Gujarat, Punjab, Uttar Pradesh and Madhya Pradesh are the states which produce guarseed. Rajasthan is expected to add around 5 million bags alone while rest of the produce will be from Gujarat and other states. In general, guarseed market will not soften much. In the physical market of Bikaner, prices of guarseed are hovering at Rs 1,630 a quintal whereas in Jodhpur spot market it is trading at Rs 1,750 a quintal.
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