AHMEDABAD (Commodity Online): Guar gum prices have been climbing and have gained 230% in one year. But it should not be of concern for ice cream gourmets or connoisseurs. A stabilizer used in ice creams, guar gum is used in miniscule quantities only, reflecting negligible bearings on ice cream price.
“Yes, guar gum prices have climbed, but the same being utilized in miniscule quantities, have not affected the prices of ice creams.” said a spokesperson with Amul, India’s popular dairy brand.
Guar gum, widely used as a thickener in food industry, especially as a stabilizer in ice cream, has seen prices skyrocketing, as oil and gas sector has been using the same in horizontal drilling process.
The process demands large quantities of guar gum, making the commodity come at a premium price. Guar gum, a derivative of guar seed, is produced in large part in India and Pakistan.
On the NCDEX, guar gum prices whittled down by 0.45% to reach 14426 on close on Thursday.
