Login ID:
Partner Login
Contact Us : 7066511911

India Jan Guargum Export Down 8.58% Y/Y At 40,174 MT - APEDA

13 Mar 2018 10:49 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Comoditiescontrol) - There is no good news for Guarseed and Guargum, as recent export data showed that export of Guargum during January month dropped 8.58% at 40,174 metric tonne compared with 43,948 metric tonne same period a year ago, according to Agriculture & Processed Food Products Export Development Authority (APEDA).

Guargum export in the recent months was not in line with market expectations despite of rise in U.S rigs count during the last couple of months leading to sharp fall in its prices in the domestic market.

Guargum is used in fracking, a method of extracting shale gas that involves pumping pressurised gas into the ground. Guar-gum powder has unique binding, thickening and emulsifying qualities, which make it suitable for fracking.

Guargum futures prices in last one month lost more than 9%, while Guargum edged down by nearly 6% due to lackluster performance in export against ample supply in the country.

(By Commoditiescontrol Bureau; +91-22-40015533)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Special Reports
Technical: Guar Seeds Bikaner- Sideways Volatility For ...
Technical: Guar Gum Jodhpur-Accumulate
Technical: Mentha Oil - Accumulate on correction
Technical: Guar Gum Jodhpur-Accumulate
Technical: Guar Seeds Bikaner-Sideways Volatility For C...
Top 5 News
Weekly: Moong Gains Most This Week; Chana/Kabuli Chana ...
Mustard Posts Marginal Gains This Week On Lower Supply
Canada 2018-19 Chickpea (Chana) Output Likely Up At 283...
AAFC Pegs Canada 2018-19 Lentil (Masoor) Crop Lower By ...
Canada 2018-19 Dry Peas (Matar) Crop Likely Down 9% Y/Y...
Top 5 Market Commentary
Weekly: Gold Prices Gain For Fourth Straight Week Amid ...
White Pea/Chana/Masoor Stocks At Various Indian Ports A...
Maharashtra Sugar Mill Prices – 20 October 2018
Punjab Sugar Mill Prices – 20 October 2018
Uttar Pradesh Sugar Mill Prices - 20 October 2018
Copyright © CC Commodity Info Services LLP. All rights reserved.