Hello everyone We are writing to bring to you the First Round Report, or the “Dipstick Round”, of Guar seed estimation, commissioned by the nodal Indian Government Agency for Guar Gum export, SHEFEXIL, and carried out by The Nielsen Company. The sample size for this report was 393 farmers (details given below) Rajasthan 170 Haryana 60 Gujarat […]
Hello all It has been quite a while since our last Guar Market Update! The price movement for Guar splits from the beginning of 2015 is depicted in the chart below. As the North American Rotary Rig Count declined steeply from the beginning of Jan-15, Guar splits prices followed. There was a brief respite for […]
Swati Vaidya retires after spending over 31 years at Premcem! The occasion was celebrated with a farewell lunch where everyone spoke about their favourite moments with Swatiben. She has been a very important part of the “Premcem family” and we wish her the very best for the years to come!
The International Energy Agency (IEA) released its Medium-Term Oil Market Report on 10-Feb-15. Some highlights: Non-OPEC production more responsive to price swings and sets the stage for a relatively swift recovery US shale industry may be “stronger” in 2020 Light Tight Oil (LTO) the new swing producer Global demand to grow slightly faster than supply […]
SHEFEXIL, the Export Promotion Council of the Govt. of India under which Guar exports are covered, has come out with the final estimates for the Guar Seed crop for the 2014-15 season. The crop survey was undertaken by the Nielsen Company, Mumbai, at the behest of SHEFEXIL, Kolkata. At an overall level, the government estimates […]
Hello everyone In our last Guar Market Update on 19-Dec-14 (https://www.premcemgums.com/guar-splits-prices-at-a-4-year-low/) we had mentioned that Guar Splits prices were at a 4 year low. Since then Guar Splits prices have gone down nearly another 14% in Indian Rupee terms! The fall in USD terms has been slightly less (around 11.5%) as the Indian Rupee has […]
BNK Petroleum has got encouraging test results for the Gapowo B-1H shale gas well in Poland and based on those findings the Company believes further wells are warranted. Click here to download the full news release
Hello everyone Guar Splits prices are at nearly a 4 year low! Current prices for Guar Splits are US$ 0.84/lb or US$ 1846/mt; the last time prices were at this level in US$ terms was in Mar-2011. Please see the graph below to get a better perspective. […]
By PTI | 16 Dec, 2014, 08.55PM IST MUMBAI: A think-tank under the Union Science and Technology Department has called for freeing guar gum from the clutches of speculators and commodity exchanges to bring about price stability.Gaur is currently trading at Rs 8,832 a quintal and the price is expected to remain high on expanding […]
Up until now an estimated 6.5 million bags of Guar Seed have come into the markets. This represents nearly 35% of the overall Guar crop of this year.