The Guar market has increased by 500 USD within the last 10 days. Many people speculated the rise, putting orders in when prices decreased before the festive holidays. Some users are still worried about the fluctuating price of Guar, not wanting to be caught up in the volatile market. It is the joint opinion of many of the major manufacturers that we won’t see Guar prices soar as they did a couple of years ago.
The decrease in Guar seed coming to market had manufactures slightly worried. Farmers are unwilling to sell when prices are low, however the demand increases at the same time. Now prices are increasing, farmers are expected to bring more stock to the market. As mentioned in my previous report, the sheer increase in farming Guar Seed and manufacturing Guar Gum is keeping the market stable and able to cover all requirements.
Guar users taking advantage of the dip in prices made a good call. Their increased orders as well as companies covering general Guar requirements has pushed the prices up by 500 USD in just 10 days.
Drilling grade: 35-40 and 40-45
Food grade: 200 mesh 3500 cps (Vikas material)
200 mesh 5500 cps (Vikas material)
Technical grade: 200 mesh 5000 cps