Friday, July 4, 2014

strong year for guar

2013 was a strong year for guar sowing and production in India. The total sowing area rose by 21 percent in 2013 to reach 10.6 million acres. Rajasthan, Haryana, and Gujarat – the three key guar-producing states –exceeded the sowing area target set by their respective agriculture departments. Non-traditional guar cultivators other Indian states also showed keen interest in the crop in 2013.
The complex nature of the guar gum industry in India warrants close monitoring of the market at all times. The industry is starting 2014 with a strong stock of guar seeds, ample processing capacity to produce guar gum, and steady global demand. Despite these positive market fundamentals, the guar industry in India remains exposed to price volatility because of potential impact from additional market factors. These factors, which are mainly specific to India, have the potential to disrupt the guar market.
The opaque nature of guar gum supply chain in India demands continuous, close monitoring of developments on the ground to better predict pricing and supply trends as 2014 season unfolds. While prices look stable at this juncture, there are that could have a significant impact to the stability of the guar market

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