Guar gum is major export farm commodity from India. It is produced after processing of Gaur seed. India produces more than 85 % Guar Seed of the world. Normally there is 27% - 30% recovery of guar gum split from Guar seed. Guar Gum splits are further processed into guar gum powder. If we analyze the data of guar seed export of last eight years. In the Year 2017-18, there was the export of 4,49,126 MT of guar gum. Guar gum export It is increasing continuously since last three years. This year there was fourth highest export in last eight years. Most of Guar gum powder is used is oil and Natural Gas industry as drilling chemical/ ingredient.
Guar Gum Export Quantity (MT) From India (2010 to 2017)
Oil prices are continuously recovering from last fiscal year. Currently, prices of crude oil are maintaining its level above USD 70 /barrel. That is good for Indian Guar gum industry as this level will attract more investment to oil exploration sector. Drilling activities are regularly increasing in USA. The demand for Guar gum will increase with increasing drilling activities in the USA. USA is the major destination for Indian Gaur Gum powder.
Demand is good I do agree but what about falling prices since 02nd feb 2018. Any insight on falling prices
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