Further monsoon reports show uncertainty on the overall outlook although it has already hit South India. Monsoon is not only judged by rainfall, there are other patterns including wind speed, clouding, etc., which have not been met.
Should monsoon be normal, prices are expected to stay within this range. A significant decrease is not expected as awaited by some buyers. However, should monsoon be abnormal more speculative activity will take place forcing the prices upwards.
Currently production is stable and inline with demand. Guar seed is regularly coming to market and available for manufacturers to fulfill requirements. It is reported that farmers are still holding stock to sell when prices increase.
Again, demand is steady from China and USA, however Europe is lagging behind. Larger manufacturers have had the benefit of supply however smaller firms are finding it hard to find buyers, especially ones offering limited quality.