Guar fell down sharply after crush in crude prices. Guar seed
crushed INR 100 and guar gum around 300 Rs. There are two type of pressure.
Yesterday US petroleum association has released data of huge inventory increase
in crude oil after that crude price slide down.
It was sentimental pressure on guar. At another side Feb contract is
moving for realization and it will end tomorrow.
Local traders are not taking any interest in guar. They are
preparing for new crop. Most of stocking activities are completed. Data
released from Haryana state govt about guar production are better than
expected. It is also noted that up to December Guar export is increased but in
reality it was a stock transfer from Indian company to their US subsidiaries.
.JPG) |
Guar Gum Cultivation / Farming In India- farmer |
Local manufacturer and traders are not seeing any major
impact on business activities. There is
some improvement in Guar korma business. The demand of animal feed protein for
meat production is increasing globally. Guar is emerging as major source for
animal feed protein.
People are predicting shrinkage in guar cultivation area next
year. But expert are saying that the cultivation area will not go down as guar
is still a profitable crop in comparison to cotton. This year there was no any major price rise
in cotton. After so many investment and huge labour both crops are giving same
return. At the same time there is no any other option in rain fed crop.
In coming time, demand of guar will increase from waste water
treatment industry. Waste water treatment is major challenge globally. If
things will go in right direction then day is not far that Guar will provide a
effective solution of urban waste water.
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