Guar price and Guar gum price are strong as
arrival of Guar is
poor local markets and processing units are in buying trends. Prices of
guar and gaur gum are strong and
stable since last two- three days. Arrival of Guar has been dropped to
17,000-18000 bags per day in local markets. gaur gum powder making units
are purchasing both guar seed
and Guar gum splits currently.
If processing units will miss this time, then they will have to procure Guar at higher prices
for their export orders.
Guar
is exported from India in the form of Guar gum splits, guar gum powder, guar churi, and guar korma. This is
second largest farm export from India after Basmati rice. China and other European
countries process Guar
gum splits and further export globally. guar gum powder is
exported from India for Industrial use. Except oil and natural gas industry Guar is used in various
industries like food, pharma, textile, printing and paper industry.
India has exported 3,21,570 MT Guar, value of 2588.34 crore
Indian Rupees from April-17 to November -17. Guar export till novmber-17
is 40 % higher than last year export for same period up to November-16. Prices
of crude oil in international market directly impact on price of guar in local market.
As per market man Guar will struggle to
cross the level of 5000/Qt. If prices of crude oil jumps further than level of
Rs5000/100Kg is not too much. Prices of crude oil has crossed the level of USD 70/barrel.
Which is highest price of last four years. Traditional oil producing countries
like OPEC and Russia has decided to cut their production of oil out up till March-18.
Increased crude oil prices are indication of strong economy and increased business
activities.
 |
| Large scale commercial Guar farming |
No comments:
Post a Comment