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Guar price update

Guar prices continue at an all time high.

The major factor that is influencing guar pricing is increased oilfield demand. Other factors such as, flooding in Pakistan, speculation, and also demand from China for both industrial & oilfield applications are adding pressure. In recent days there have been reports of a reduction in trading prices as local demand fell slightly because of the high prices. However prices remain high & according to IMR a medium viscosity guar gum is currently quoted at around $2,500/tonne FOB Mumbai.