Thursday, 20 June 2013
Guar Gum : Number One Exportable Commodity from India for a second year
Director General of Commercial Intelligence and Statistics ( DGCIS) as released the data of exported commodities from India for the year 2012-2013.
Guar gum has emerged as largest commodity from India in foreign exchange earning. India has earned foreign Exchange of INR 21,287 Cr only from export of Guar Gum. which is around 25 % more than the last year ( 2011-2012). Last year Indian earned INR 16,523 Cr. This is the second year that Guar has standing on the Number one position.
The current share of Guar gum in total agricultural export is around 18 percent, which was just 7 percent in year 2010-11. The share of Basmati rice has decreased from 26 % to 16 % only.
There is also another good news for Guar business stake holder, farmers, stockist , manufacturer and exporters that the rate of guar seed and guar is improving slowly and slowly sine 5-6 days due to rise in demand.
Guar is moving toward the stability in the rates. Even at low rate there are the tight supply from the market.