News Posted on Dated: 16th Jan 2010 by Jeetendra Jain – M. J. Associates

Re: Guar Gum Market - Jan, 2010  

It is our great pleasure to make you aware about Guar Market; we have been watching Guar market very closely sine start of Year 2010 at the start of year Domestic Guar of Guar Gum Split stood at INR 58000/- pmt while it was well known to every one that crop of current year is about 50% in comparison to last year but trade has good carry forward from preceding year enable to entertain demand of Year 2010.

As of Global slow down, demand of Guar Gum is soft in comparison to past few years; we all were expecting new buying (in bulk Quantity) in Early 2010 but market and demand went opposite to expectation & it was very few customers who bought during this stage thus market got soft and prices has soften as much by 10 – 11% towards INR 52000/- pmt for Guar Splits at the same time US$ got weaker against INR which made influence on Export prices.

We expect for next few days for Guar Market to rule between INR 52000 – 56000 pmt; where if Market see good demand prices will move up and in case of no demand we will see market reaching back to level of INR 52000/- pmt.

Thanks with Best Regards,

Jeetendra Jain CEO, Sales – Export M. J. ASSOCIATES, 75, Vadera Bhawan, Hamirpura, Barmer 344001, Rajasthan, India T: +91 2982 220082 | F: +91 2982 221082 | M: +91 94141 05859 Email: Jeetendra@mjassociate.com Website: http://www.mjassociate.com
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