|Natural gas & Crude oil price sliding and Its impact on Indian Guar Gum Industry|
|Natural gas During Last one Month.|
There is some news that US is planning to export its Natural Gas to Europe during this winter to counter Russian Gas. The activity of Natural Gas export is going to large level. Europe depends on 30% on Russian Gas.
|( Crude oil Price During Last one Month )|
Indian Guar Gum industry is totally depend on Natural Gas prices. It is a major concern that 60% Indian guar gum powder is used in Oil and Natural Gas Industry. If there will be some recovery in Natural gas prices then the drilling and fracking activity will start again on large level. The expectation of oversupply of Guar seed is also another major concern in guar gum Rates. This time if major supply period for Guar Seed.