On Sunday 14-Jan-18, the Finance Minister of India launched India’s first agri-commodity options in Guar Seed. The options have been launched on NCDEX. Please click HERE to read the official circular and the contract specifications. In the coming weeks/months we will let you all know the impact of these options on the Guar market. Some […]
SHEFEXIL, the nodal Indian Government Agency for Guar Gum export, has come out with the Final Round Report for the Guar Crop for the 2016-17 season. The crop survey was undertaken by the Nielsen Company, Mumbai, at the behest of SHEFEXIL, Kolkata. The estimated Guar Seed crop for the 2016-17 is 17.5 million bags of […]
SHEFEXIL, the the nodal Indian Government Agency for Guar Gum export, has come out with the 3rd Round Report for the Guar Seed crop for the 2016-17 season. The crop survey was undertaken by the Nielsen Company, Mumbai, at the behest of SHEFEXIL, Kolkata. To view the complete report please click HERE
Oil prices are rising and the worst of the downturn appears to be over. After two years of spending cuts, 2017 could mark the first time in several years that spending levels across the oil and gas industry increase. North American oil and gas companies could ratchet up spending by as much as 30 percent, […]
The Indian Southwest Monsoon has been progressing well this year. Due to the significant decline in prices for Guar seeds/splits, and also due to the significant decline in Guar Gum export from India, the total area that has been brought under Guar cultivation this year has also declined significantly and which be seen below: Rajasthan […]
In our Psyllium Seed – 2016 Crop Report which was published on 12-Apr-16, we had estimated that the crop this year would be about 25% – 30% less as compared to last year. Based on the arrivals in the last 3.5 months, the above figures seem fairly accurate. Up until now, a total of 1.25 […]
In our last Guar Market Update on 18-Feb-16 (as given in the blog entry below) we had made a point that all the bad news seems to be priced in and that Guar splits prices should remain confined in a narrow band between $800/MT to $950/MT. In fact Guar prices remained even more stable and […]
Based on information collected in the field, we believe that this year’s Psyllium crop is going to be 25-30% less than that of last year. State-wise crop figures are given below. Rajasthan is THE leading producer of Psyllium seed in India and the Psyllium seed produced in Rajasthan is considered to be of very good […]
The world is in turmoil and the Guar industry is no exception. Please see the chart below which depicts Guar splits prices (in USD/MT) from Jan-15 to Feb-16. During the period shown above North American Rig Count has dropped from 1811 to 763 – down nearly 58% Brent Crude has dropped from $56.42 to […]
With crude oil prices falling to near 7 year low, and U.S. Rig Count down by 37% from the same time (12-Dec-14) last year, prospects for the Guar Gum industry are not looking good. Following the decline in crude oil prices, the resultant evaporation of Guar demand from the hydraulic fracturing industry and the more […]