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Guar gum prices fall 13% as Covid halves demandThe US accounts for 34% of India's guar gum exports. It uses the commodity in ‘fracking’ or hydraulic fracturing process to extract oil and...- Pulses, oil seed prices firm up on rains, pest attacksPrices of moong and urad have increased by 10 per cent to Rs 62 a kg after heavy rains in Maharashtra, Madhya Pradesh and Karnataka, said S...
- Water scarcity, US demand for shale raise guar seed pricesIndia is a leading exporter of guar gum, commanding about 80 per cent of global production, followed by Pakistan.
- Cheap China alternative hits Indian guar gum pricesAlternative fracking agents such as slick water and friction reducer from China are posing stiff competition to Indian guar gum.
- Guar production to shrink in India owing to synthetic polymer use by US oil industryThe area under Guar stood around 40 lakh hectares in 2016 against 55 lakh hectares in 2017. Sowing of guar that extends till first week of ...
- Guar seed area to fall as prices dip drastically on less demand from export marketsFarmers are reluctant to grow the crop as prices have fallen drastically due to less demand from the export markets.
- With oil down, investors shun guarGuar seed prices have dropped 10% since the beginning of the year, prompting heavy selling of the commodity by investors.
- Guar seeds plunge 10% in 2016, analysts see no trigger for recoveryGuar gum is extracted from guar seed, which is used by drilling companies to thicken water that is mixed with sand and pumped through shale...
- North America puts its drilling projects on hold, guar slipsGuar prices plunged to seven-year lows as demand waned from the North American-oil drilling industry, which is putting projects on hold ami...
- Farmers sowing crops that offer high market prices like pulses, groundnut, chillies, onionsDespite the forecast of a deficient monsoon, coupled with its poor start, farmers are trying to maximise their returns.
- Foreign Guar Gum buyers return after prices crash by more than 50 per centChinese, American and European buyers have renewed their interest in Indian guar gum with prices having crashed by more than 50%.
- Guar gum industry in a fix as US cos eye substitutesIndia produces 20 million tonne of guar seeds annually from which 6 lakh tonne of guar gum is extracted.
- Guar price rise keeps away US buyersA sudden surge in guar price last year has kept away the US buyers from lifting the product which is used as a thickening agent used for oi...
- Oilseed acreage likely to increase this yearThe acreage under guar, soyabean and groundnut in India is all set to rise this year.
- Guargum industry gets robust export ordersThe industry has now put forward a proposal to the commerce ministry for increasing acreage in Rajasthan, Haryana and Gujarat.
- China imposes duty on guar exportsThe guar splits and guar powder attract a duty of 7% and 15% respectively. China accounts for 25% to 30% of the total exports of guar gum s...
- Guar gum export increases 75%Guar gum has seen a 75% jump in export as the largest producer, India, is currently the only supplier to the world market.
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