Guar Seed

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Contract Specifications
             
Commodity Name Guar Seed
Symbol GUARSDJDPR
Basis for price quote Ex- warehouse Jodhpur, inclusive of Sales Tax/VAT.
Trading unit  1 MT
Delivery unit 1 MT and multiples thereof
Quotation / Base value  Rs per quintal (100 kilograms)
Tick size (minimum price movement) Rs 1 per quintal
Delivery Logic Compulsory delivery
Delivery Center Basis: Jodhpur (within a radius of 100 Kms from the corporation/municipal limits).


Contract Specification January 2014 onwards



Guar also known as cluster bean, is an annual legume crop that provide a natural source of hydrocolloid(substance that forms thick solution at low concentration with water). Guar plant is rough to touch, bushy plant and has the ability to dwell even in the drought like conditions. Its scientific name is Cyamopsis tetragonoloba. Guar flowers are purple to pink in color, approximately 8 mm long, and form in auxillary racemes. Guar is basically a crop that is cultivated mostly in arid and semi-arid areas as it is drought resistant. Guar beans have a large endosperm that contains galactomannon gum, a substance which forms a gel in water. This is commonly known as Guargum.

Crop Calendar:
Guar seed's are sown in the months of July and August right after the first showers of monsoon and harvested in the months of October and November.

Types of Guarseed:
  • Pusa Sadabahar is a single stem variety which is suitable for rainy as well as summer season.
  • Pusa Mausami is a branched variety which is good for rainy season only.

Production:
India is the major producer of guarseed in the world. India contributes nearly 80 percent of world's total guarseed production. Guar has been cultivated in India and Pakistan for ages for use of its tender pods as fresh vegetables and other parts of the plant to be used as cattle feed. World total production is around of 7 lakh tons. Guar is also known to be cultivated in Texas, USA, some parts of South Africa, Malawi etc., but not in very large commercial quantities. Guar was introduced in to the United States in 1903 by India. In India, major producing states of guarseed are Rajasthan, Haryana, Gujarat and Punjab. Uttar Pradesh and Madhya Pradesh also produces guar seed, but the output is low in these states. . Rajashthan contributes over 70 percent of India's total production. Haryana and Gujarat place themselves at the second and third position sharing approximately 12% and On an estimate, about five kg of seeds were enough for a farmer to cultivate one acre. The yield from an acre in 90 days was about 350 to 400 kg of seeds, leaving behind about 400 kg of dried opened pods and dried plants. Dried pods and plants were used as feed to sheep and goats, and farmers claim that it helped in increasing the weight of the animals.
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Demand:
Guar seed is used for human consumption, cattle feed, medicinal purposes. It is also used for soil improvement. Guar has been cultivated in India for ages for use of its tender pods as fresh vegetables and other parts of the plant to be used as cattle feed. Presently In today's world guar is used more in industrial uses. Major industrial uses of guar are in the form of Guar gum.
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World Scenario :
Besides India, Pakistan is also a major producer of guar seed having a sharing of approximately 10-15 percent. Pakistan is the only major competitor for India. A better exchange rate of US Dollar vs Pakistani currency makes their produce more competitive in the international markets. Other producers of guar seed are U.S, Italy, Morocco, Spain, France, Greece and Germany.

Major importer of Guar Seed :
Canada, China, Chile, Australia, Austria, Brazil, Germany, Italy, Japan, US, UK, Ireland, Sweden, Greece, Portugal, Mexico are the major importers of guar seed.


Market Influencing Factors :
  • Changes in output/produce due to fluctuations in rainfall.
  • Demand and supply mismatch.
  • Hoarding and black marketing.
  • Government policies.