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animal
feed industry due to its rich protein
content. Guar beans are mainly grown in India with 80% of the world production
followed by Pakistan. They are grown in very limited quantity in U.S.,
Australia and Africa.
Guar Uses
Guar gum is known to be widely used as
a thickener and stabiliser in food and beverage industry including ice
cream. It is also used in pharma and cosmetic items. Its use is also found
in industries like textile printing, oil-drilling, mining, water treatment,
explosives etc.
India's main export is of guar gum powder
followed by splits and seed. U.S is the biggest importer of guar
gum. European Union, China, Japan, Middle East are other major buyers
among other countries.
The prices of guar gum fluctuate at times
mainly due to volatality in its production which is heavily dependent
upon monsoon. The estimated production, carry forward stock and demand
play the major role. The market also has speculators and stockists who
tend to bring volatality in its prices. The prices can sometime stay stable
and then rise or fall abruptly. India do have futures platform for guar
seed and guar gum where exporters can hedge their risks.
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