Production Trends : In 2024-25, the guar sowing area is estimated at 31.50 lakh hectares (up from 30.89 lakh hectares last year). Rajasthan accounts for 29.82 lakh hectares, while Gujarat has decreased to 0.85 lakh hectares. Total production is expected to rise to 20 lakh tons (from 16.65 lakh tons last year), with average productivity estimated at 634.92 kg/hectare. This increase in production indicates stable supply, limiting significant price hikes. Market Demand : Export demand for guar and its by-products, such as churi and korma, has recently strengthened. Daily arrivals of 20-25 thousand bags are being met with demand for 30-35 thousand bags, creating a bullish market trend. Prices of churi are 3100-3200, while *korma* is 3600-3700 per quintal. Stock and Supply Approximately 40-45 lakh bags have entered the market so far, with an estimated 20-22 lakh bags still held by farmers. Reduced arrivals in upcoming months may support prices further. However, due to increased production, significant price surges seem unlikely. Exports: Between April-November 2024, guar meal exports fell by 12% to 1.39 lakh tons, while guar gum exports remained stable at 2.61 lakh tons. Key export markets include Norway, Germany, Russia, and the US. Price Outlook: In early March, guar prices dropped to 5150 on NCDEX but have since recovered to around 5400. Similarly, guar gum futures, which dipped to 9800, have rebounded to ₹10,300. Current guar seed prices are 5425 in Jodhpur and 5377 in Bikaner. Limited supply and strong domestic/export demand indicate long-term price stability, though prices may remain range-bound in the short term. Rates as high as 8000-10000 are unlikely due to alternative product use and stockist supply at higher prices.