·  Guar seed prices are anticipated to rebound from their current bearish stance as domestic supplies shrink, complemented by an upsurge in guar gum exports. February 2024 marked a notable 26% year-on-year surge in guar gum exports, totaling 23.27 thousand tonnes, which has bolstered market confidence.

·  However, concerns regarding domestic demand have exerted downward pressure on guar seed prices, particularly evident in the declines of by-products such as churi and korma, which saw decreases of 5.1% and 7.3%, respectively, over the past month.

·  If we observe the historical trends in Jodhpur Guar seed delivery prices, it indicates a consistent downward trend. Prices have diminished by 3.9% compared to the previous month, with more pronounced decreases of 5.8%, 14%, and 7.5% over three months, six months, and one year, respectively.

·  Conversely, Jodhpur Guar gum prices have also followed a downward trajectory. A 5.7% decline compared to the prior month is observed, with more significant drops of 6.5%, 14%, and 13.8% over three months, six months, and one year, respectively.

·  Given the export boost and the dwindling arrivals of guar seed, it is expected that prices may find support and improve from this point onward.