Thursday, 7 August 2014
Sanctions on Russia by western world and Guar Seed & Guar Gum Prices in 2014-2015
Sanctions on Russia by western world
Sanctions on Russia will also keep pressure on Russia to lower the prices of Natural Gas. Low natural gas prices will keep pressure on International Energy prices. This effect will further transmitted to guar gum and guar seed prices. It was expected that fracking activities was suppose to increase in Russia , but the technology is laying with American Companies and sanctions will keep them away from Russia. A huge quantity was suppose to be used in Russian oil field by american companies. Now there is no chances of further progress in this issue in coming next 12-18 months. Guar seed and guar gum prices will be under pressure due to these sanctions on Russia.