Friday, 28 October 2016
Guar Prices will remain under pressure during next 10-15 Days
Business activities are sluggish there is poor demand due to on-going Diwali celebrations. Arrival is also low in markets there is no more supply pressure. Most of business activities like arrival, transportation, processing and export will be muted. Business activities will be resume after 3rd November. Crude oil prices are under pressure. These are trading below USD 50/barrel.
Processing activities will be remained low during next 10-15 Days. There is arrival of 65000 Bags per day. Arrival is not increasing due to lower production. Over all business activities will be remained slow during next 8-10 Days. There will supply pressure and impact of poor demand.
Posted By Ganesh Prajapat Postet at 15:59:00
Labels: Advance estimate of Guar seed production 2016-2017, current guar gum prices, Cyamopsis tetragonoloba, Guar gum export