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As the shale dream fades, guar growers chase new markets

Food industry the best bet for Indian guar farmers

Reuters  |  Mumbai 

Sitting in his village in Rajasthan, Sehdev Bishnoi worries that oil firms a world away in the United States will buy less of his guar in future, ending a short-lived boom that helped him and other Indian farmers out of poverty. Food firms are also buyers and the sector is likely to take more this year as traders scout out new markets, but it will be hard to match the impact made by oil industry demand in recent years. Drillers use the gum derived from guar, also known as cluster beans, for hydraulic fracturing and many poor farmers switched crops to ride the US shale ...

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First Published: Fri, November 28 2014. 13:01 IST