The recent market update from Business Standard reported that guar gum prices were up by Rs 260 to Rs 16,010 per 100 Kgs in future trading on July 23rd, 2014 as speculators enlarged positions, driven by strong export demand. “This trend is consistent with what we are currently seeing in the market place.” says Javed Matin, author of the recently published report 2014 Guar Gum Report: INDIA. The market for guar gum is for the first time in 2 years witnessing some degree of stress due to a projected drop in guar production coupled with a pick up in demand.
Three Headed Lion Inc. (THL) today announced the July 2014 update of its market report - 2014 Guar Gum Report: INDIA. The report provides an in-depth analysis of supply, demand and pricing trends as the new season for guar gets underway in India.
Unlike the 2012 and 2013 growing seasons, guar cultivation is expected to fall in 2014. Farmers in India are planning to include other competing crops into the mix. Consequently, the guar cultivation area is set to decline significantly compared to last year. Additionally, the prospect for a suboptimal monsoon season this year is also weighing in on the minds of the key stakeholders like farmers, traders and processors.
“The bullishness seen in the farmers in India for guar since 2012 is missing this time,” says Javed Matin, lead author of this report.
The full report - 2014 Guar Gum Report: INDIA is available at www.threeheadedlion.com/guar.html for immediate download.
PRESS RELEASE here >>