Water shortage in Guar growing regions of Rajasthan and Haryana within the second half of June has raised prices of Guar Seed and Guar Gum by way of 10.5% and 13% , respectively, inside the past month. Steady export call for from the shale gasoline industry of North America additionally firmed up Guar Gum charges, exchange souces stated.

Guar alternate also feels that the authorities’s circulate to boom minimum help price (MSP) of Moong via 25 in step with cent within the ongoing kharif season may see farmers shifting from Guar to moong which in flip may bring down guar acreage in the united states. If this takes place, then Guar fees may also remain company within the months to return, trade resources stated.

Prices of Guar Seed which became approximately Rs three,750 consistent with quintal a month ago is now commanding a rate of Rs 4,one hundred forty four in line with quintal. Similarly, Guar Gum fees have long past up with the aid of thirteen in line with cent in the beyond one month to Rs 85,000 in step with quintal.

According to media reports, within the week ending July 6, 2018, the number of land rigs drilling for oil in the United States totalled 863, 5 more than the preceding week, and up by means of one hundred compared with a complete of 763 a yr ago.

India is a main exporter of Guar Gum, commanding approximately 80 according to cent of worldwide manufacturing, accompanied through Pakistan.