Indian chana, guar fall on higher output hopes
MUMBAI
* The January contract was down 0.63 percent at 4,710 rupees per 100 kg on the National Commodity and Derivatives Exchange (NCDEX) at 0909 GMT.
* "Production is expected to be higher this season but demand from oil and gas companies is weak. The sentiment looks weak in guar futures," said Surendra Kumar Yadav, a trader from Hanumangarh, Rajasthan.
* Industry experts expect guar seed production to be 2.5-2.7 million tonnes in 2013, up from about 2.2 million tonnes a year earlier.
http://in.reuters.com/article/2014/01/03/markets-india-chana-idINL3N0KD15B20140103
http://www.tribuneindia.com/2013/20131125/main4.htm
Monday, November 25, 2013, Chandigarh, India
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Guar price in free fall, farmers fume
Sushil Manav/Raj Sadosh Tribune News Service
Ellenabad farmer Sat Narain is in no hurry to sell his 50 quintal guar, a costly legume, which he has grown on 10 acres. With current price of guar hovering at Rs 4,500 per quintal, Narain hopes it will touch the Rs 30,000 per quintal mark of last year. Though Narain grew guar on just two to three acres, he decided to go with the crop on the better part of his total landholding this time as the prices had shot up last year. Unaware of the nitty-gritty of market forces that led to huge fluctuation in prices, Narain has decided to wait, as he still remembers how prices soared to Rs 31,500 per quintal in March 2012 after he had sold his guar for Rs 6,100 per quintal in the beginning of January that year. | |||||||||||||||||||||||||||||
http://www.mydigitalfc.com/commodities/guar-exports-surge-price-falls-617
Guar exports to surge as price falls
Nov 24 2013
Tags: Commodities
US drilling firms, European food processors spur consumption
Shipments may surge as much as 50 per cent to 500,000 tonnes in the year that began on April 1 from 333,000 tonnes a year earlier, said Rajesh Kedia, director at Jai Bharat Gum & Chemicals, India’s third-largest exporter. Shipments increased about 30 per cent to about 210,000 tons in the five months through August, he said.
Prices slumped after India, the world’s largest producer, banned futures trading in March 2012 to curb speculation and record rates cut demand from users.
Guar prices may continue to fall, Mark McCollum, Halliburton’s chief financial officer said Sept. 19. The importers will definitely buy more as prices are attractive, Chowda Reddy, a senior manager at Inditrade Derivatives and Commodities, said. Demand will increase. Guar gum futures slumped more than 50 per cent since May 15, when the Indian exchanges restarted trading after a 14-month ban.
