Guar Gum Market Trends: Price Declines Amid Reduced Oilrig Activity

Guar Gum

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During the review period, the average net prices of Guar gum in Jodhpur slightly decreased by 1%, reaching INR 10,567 per quintal compared to the previous week's figure of INR 10,717 per quintal, in tandem with guar seed prices.

Analyzing the price trends of Guar gum, there is a 2% decrease in price compared to 15 days and a month earlier. However, over a three-month span, there is an observed increase of 4%. Despite this short-term increase, the prices have significantly declined by 4% over the past six months and show a 3% decrease from the previous year's prices. Overall, Guar gum prices reflect a bearish sentiment over time.

This downward price trend can be attributed to lower export demand and a continuous decline in oil rig activity, which is likely to further pressure prices in the near future.