Guar Daily Fundamental Report

4th March, 2014 Domestic Fundamentals: Mixed sentiments recorded in key guar spot markets on Monday as markets could not find adequate cues to decide the prices either side. Despite of higher guar stocks in the market, prices of guar remained stable due to stockists buying at lower levels as reported. It is notable that Ruchi soy and Hindustan Guar gum is most active in procuring guar stocks at present from various mandis. Any export enquiry from China or US would give the guar (seed, gum and split) prices support. Guar seed prices are presently moving in a range from last couple of weeks. However, Y-o-Y increase in guar seed production and weak export prospects from India increase the overall carry over stock for 2013-14 which also dampen any increase in prices of guar in the coming months. Meanwhile, the big traders and farmers who have invested their own money (and money taken on interest) are not willing to release their guar stocks in the open market at present rates. Market is estimating 2.8-3 million tons of guar production for 2013-14. Outlook: Guar sentiments are weak for medium to long term considering weak demand from International markets, higher carry over stock from last year and higher guar production scenario for current season representing huge surplus of guar stocks in the markets. . NCDEX Guar Seed Future Quotes: Contract Mar-14 Apr-14 May-14 +/-$ Open High Low Close Volume Change OI Change

0.00 5.00 15.00

4740.00 4795.00 4860.00

4755.00 4810.00 4865

4690.00 4755.00 4820.00

4720.00 4780.00 4820.00

6,376 4,504 16

16603 11618 335

NCDEX Guar Gum Future Quotes: Contract Mar-14 Apr-14 May-14 +/-$ Open High Low Close Volume Change OI Change

-30.00 -30.00 10.00

12870.00 13040.00 13320.00

13040.00 13200.00 13320.00

12830.00 13010.00 13190.00

12880.00 13070.00 13190.00

1,752 830 54

4074 3710 193

Guar Daily Fundamental Report

4th March, 2014 Guar Seed Stock Position & Fed: Demat Stocks 1-Mar-14 Bikaner Deesa Sri Ganganagar Jodhpur 2771 180 2435 525

In-Process 1-Mar-14 0 30 10 178

Total 1-Mar-14 2771 210 2445 703

FED 24-Feb-14 2771 120 2644 525

Guar Gum Stock Position & Fed: Stocks Deesa Jodhpur Nokha Sri Ganganagar Demat 1-Mar-14 3801 257 20 In-Process 1-Mar-14 20 0 0 Total 1-Mar-14 3821 257 20 FED 24-Feb-14 3766 257 20

Churi and Korma Prices: As of March 3,2013 Commodity Churi Korma Churi Korma Guar Export Prices: As of March 3,2013 Variety Guargum Split Guargum Powder Guargum Meal 200 Mesh 5000 CPS 200 Mesh 3500 CPS Meal 40% Meal 50% Value (Rs/Kg) 130 170 160 14 18 Value ($/MT) 2102 2748 2586 280 360 Center Jodhpur Jodhpur Sri Ganganagar Sri Ganganagar Rs/75kg 1200 1667 825 1250

Guar Seed Prices at Key Spot Markets: Commodity Centre Guar Seeds Jodhpur (Loose) Jodhpur(Delivery) Sri-Ganganagar(Loose) Sri-Ganganagar (Delivery) Rajasthan Nagaur (Loose) Alwar (loose) Churu (Delivery) Bikaner (Loose) Bikaner (Delivery)

Prices (Rs/Qtl) 3-Mar-14 4650 4850 4550 4625 4400 4250 4800 4525 4750 1-Mar-14 4650 4850 4550 4625 4400 4100 4750 4550 4700

Change Unch Unch Unch Unch Unch 150 50 -25 50

Guar Daily Fundamental Report

4th March, 2014 Khajuwala Bikaner (Loose) Khajuwala Bikane(Delivery) Nokha(Loose) Nokha (Delivery) Hanumangarh (Loose) Hanumangarh (Delivery) Adampur (Loose) Adampur (Delivery) Sirsa (Loose) Haryana Bhiwani (Delivery) Dhabwali (Loose) Dhabwali (Delivery) Siwani (Loose) Ellanabad (Loose) Deesa (Loose) Gujarat Madhya Pradesh Guar Gum Rajasthan Jodhpur Alwar Sirsa Haryana Bhiwani Dhabwali Ellanabad Guar Seed Arrivals in Key Centers Arrivals (Quintals) Centre Jodhpur Sri-Ganganagar Nagaur Alwar Rajasthan Churu Bikaner Khajuwala Bikaner Nokha Hanumangarh Adampur Haryana Sirsa Bhiwani 3-Mar-14 100 1000 100 1000 500 700 700 300 1000 4000 2000 400 1-Mar-14 150 1500 200 500 300 1500 700 300 Closed 5000 4000 300 Change -50 -500 -100 500 200 -800 Unch Unch -1000 -2000 100 12900 13000 12500 12750 12900 12900 12800 13000 12500 12600 12700 13000 100 Unch Unch 150 200 -100 Patan (Loose) Rajkot (Loose) Dabra (Loose) 4470 4649 4500 4662 4700 4900 4600 4800 4700 4600 4500 4700 4600 4545 4545 4235 4250 4000 4470 4649 4500 4662 Closed Closed 4625 4828 4800 4550 4450 4650 4625 4565 4500 4250 4275 4000 Unch Unch Unch Unch -25 -28 -100 50 50 50 -25 -20 45 15 -25 Unch

Guar Daily Fundamental Report

4th March, 2014 Dhabwali Siwani Ellanabad Deesa Gujarat Madhya Pradesh Total Arrivals/Above Markets Patan (Loose) Rajkot Dabra 600 1500 1500 153 120 900 2000 18573 400 2000 1200 250 246 1005 2000 24062 200 -500 300 -97 -126 -105 Unch -5489

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