Last Updated : 17 March 2012 at 11:05 IST
India Guar complex Review: guar gum, guar seed prices shot up on lower arrivals
Source :agencies
India’s guar complex prices rose to whopping heights on lower arrivals amid high demand from food sector, oil companies etc. The guar seed prices rose to 15.31% to Rs 25,370 per qtl from Rs 22,000 per qtl and guar gum up 15.76% to Rs 80,690 per qtl from Rs 69,700 per qtl during the last week period (9th March to 16th March 2012).
In fact, nature of India-China trade relationship should be in such a manner that it shoul...
One can either expect the status quo to prevail or a downside to occur in the bullion futu.. 
I would also like to give you some more names of companies operating in Europe and making .. 
- Commodity
- |
- Advise
- |
- Entry
- |
- Agency
- Natural Gas
- 230-231
- Karvy
- Commodity
- |
- Contract
- |
- Trend
- |
- Pivot Point
- Rubber
- June
- Sideways
- 16987
- Cardamom
- June
- Sideways to Bullish
- 753
- Turmeric
- June
- Bullish
- 5973
- Soy Bean
- June
- Bullish
- 3925
- Refined Soy Oil
- June
- Bullish
- 701
- Commodities may trade positive on weak dollar
- The base metals pack traded on a positive note on the back of weakness in DX. Further, Indications that US Federal Reserve’s would continue with its bond buying programme supported prices to trade in green.
- read more
Refined tin imports of China fell by 27% y/y and 24% m/m in April to 1.3Kt. The biggest decline w..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
MUMBAI (Commodity Online): India’s guar complex prices rose to whopping heights on lower arrivals amid high demand from food sector, oil companies etc. The guar seed prices rose to 15.31% to Rs 25,370 per qtl from Rs 22,000 per qtl and guar gum up 15.76% to Rs 80,690 per qtl from Rs 69,700 per qtl during the last week period (9th March to 16th March 2012).
Even though Forward Market Commision took various measures to control the prices rise but the commodities continued to rally higher mainly on the back of high overseas and domestic demand.
According to analysts, the prices are expected to stay high until fresh arrivals reach Market and the next arrival is expected reach by around September.
India being the only supplier of Guar gum to the global markets accounting for 80% of the global exports, Indian exporters has monopoly in deciding the price trend.
Meanwhile, the exports of guar gum from April to November 2011 stood at 6.7 lakh tons showing a rise of 194% compared to 2.28 lakh tons during a year ago.
India’s total guar seed production is estimated at 16 lakh tons for 2011-12.
Guar gum finds wide applications in the field of textile, paper, medicines, cosmetics, mining, explosives, food etc.
