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Guar seed, gum prices in bearish zone on lower US shale oil production

With new crop arrivals, guar seed could fall further. Over half of India's guar output is exported for use in shale gas exploration in the West

Namrata Acharya  |  Kolkata 

Domestic prices of guar seed have been steadily declining, following reports of higher production and on fears of a slowdown in guar gum exports. The current sentiment is contrasts sharply with the bullish run that started in July, when price of both seed and gum were up by as much as 33 per cent.

With the arrival of the new crop, guar seed prices are likely to fall further in the coming months. More than half the guar produced in India is exported for use in shale gas exploration in western countries. According to informal estimates, guar production this year is likely to be around one ...

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First Published: Wed, October 11 2017. 01:00 IST
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