During the month under review, the average crush margin of guar seed remained firm, recording at 256 in May 2024, similar to the previous month. This sustained firmness in guar crushing activities can be attributed to strong demand in both international and domestic markets.

Export demand in the current season is higher than the previous one, with guar gum and split exports showing improvements of 7% and 32%, respectively, compared to the same period last year. This increase in exports has bolstered crushing activities, which is likely to support guar prices in the near future.

Also, total arrivals from October to May have declined by 4%, from 1.65 LMT in the previous season to 1.57 LMT this season. This reduction in arrivals is likely to prevent any major decline in guar prices and support seed prices between 5,100-5,600, while gum prices are expected to range between 10,000-11,000.