As per primary data released by APEDA export value of Guar gum has increased by 55% . This year Guar gum export from April-17 to December-17 was 3,65,452 MT. Last year in the same period April-16 to the December-16 export of Guar gum was 2,69,001 MT. There is an increase of 96,451 MT or 35.85 % in quantity of Guar gum products for the period of April- December. Last year from April-16 to December-16, we exported Guar gum, values of INR 1983,00,00,000 (1983 crore) or 295 Million USD, for the same period during this year from April-17 to December-17 India exported Guar gum value of INR 2951,00,00,000 (2951 Crore) or 458 Million USD. Last year from April-16 to the December-16-unit value of Guar gum export was 1098 USD/MT this year for the same period from April-17 to the December-17-unit value of Guar gum export is 1579 USD/MT. In Indian rupees, this is an increase of 48.83% INR and in USD it is an increase of 55%.
Only in December -17 months there was an export of 43,880 MT of Guar gum. Export of Guar gum expected to increase with increased crude oil prices. Crude oil prices have increased during January month. Oil companies in USA have increased the production of crude oil through hydraulic fracturing/fracking process. Prices of crude oil are low due to increased oil production. One thing is positive that crude oil prices are decreasing due to increased Shale crude oil production in the USA, not from OPEC production.
The demand for Guar gum will keep going with the current level of crude oil prices. Oil companies have earned enough margin to continue their crude oil production. Indian Guar gum industry should take it positively that if production of crude increased in USA then it is good for Guar gum. If production increases from OPEC, then it would have forced USA crude oil to stop. China has emerged as leading importer of crude oil. This is direct competition between OPEC crude oil production and Shale crude oil production. Shale crude oil production is winning slowly and slowly.
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