In February 2024, the average crush margin for Guar seed experienced a noteworthy surge, reaching INR 163 per quintal. This marked a substantial increase from the previous month's figure of 76 per quintal. The heightened crushing activity during this period can be attributed to abundant stock availability and a robust market demand. The strategically positioned advantageous pricing played a pivotal role in amplifying the overall crushing activity.

Furthermore, Guar gum by-products, namely churi and korma, saw improvements of 4.2% and 5.3%, reaching INR 3,197/Qtl. and INR 4,034/Qtl., respectively. This uptick in prices was driven by tight stocks with the crushers.

Current market conditions indicate a potential surge in demand for Guar meal, which is anticipated to provide additional support to prices. This is especially noteworthy considering the low stock levels in inventories and reduced production during the season. The combination of increased crushing, competitive prices, and the potential rise in demand for Guar meal paints a positive outlook for the Guar seed market.