The prices of guar gum has finally strengthened in India by nearly Rs 100 – Rs 8,680 per metric. Factors such as frantic purchase by the bull operators, directed by strong physical and global sentiments are some the driving factors that have contributed to the growing demand for the export of guar gum. Global and Chinese guar gum industry reveal that increase in export need have also inveigled the trading opinions.
Guar gum as an important binding as well as thickening agent is rapidly being used for sectors such as oil industries, textile, food, pharmaceutical among others. Market leaders working closely with the Global and Chinese guar gum industry indicate that in April 2015 the contract for guar gum delivery looks fancy. Traders are experiencing an increase by 1.07% to approximately Rs 8,520 per metric.
Prof Research Report adds a report titled “Global and Chinese Guar Gum Industry, 2009-2019”. The report discloses that growing demand due to the lack of supply of guar seeds from major producers like China and India has contributed to the price hike in the guar gum prices across the world.