Guar price update

Guar prices continue at an all time
high.

The major factor that is influencing
guar pricing is increased oilfield demand. Other factors such as,
flooding in Pakistan, speculation, and also demand from China for
both industrial & oilfield applications are adding pressure. In
recent days there have been reports of a reduction in trading prices
as local demand fell slightly because of the high prices. However
prices remain high & according to IMR a medium viscosity guar gum
is currently quoted at around $2,500/tonne FOB Mumbai.