Good weather conditions in India have increased Guar supplies available to manufacturers and stockiest. With this increased supply prices have decreased, especially within the past couple of days.
As previously mentioned, everyone is now waiting to hear from Indian Metrological Department (IMD) with regards to the long-term monsoon forecast. We believe these are the lowest prices we’ll experience. Should monsoon predictions be favorable prices will remain at this level and if unfavorable we could see a sharp increase.
With good weather conditions, Guar production has increased and farmers are bringing more crop to the market. All are hoping for this to continue however all are unsure about monsoon predictions. Both positive and negative reports are being published but the one that counts is from IMD and won’t be released until mid April.
Demand remains consistent from all industries.
Something to look out for is the pressure to start Shale Gas Fracking within Europe as a priority, especially after the uncertainty with Russia
- 35-40 and 40-45
- 200 mesh 3500 cps
- 200 mesh 5500 cps
- 200 mesh 5000 cps
- 4060 mesh