Guar Gum Market
Posted in General
Due to the extremely high demand from the oil and natural gas industry in 2011 through 2012, Guar Gum prices hit historically high levels. Although the market has come down considerably the past 6 months, the costs are still high given the long history of Guar Gum and its use in many applications and industries.
The current Guar crop seems sufficient but there is uncertainty concerning the 2013 demand on Guar Splits. This will effect the price, so we will have to sit back and wait to see the outcome. We are crossing our fingers for a reasonably priced more stable market in the future.