However, it recovered about 10 per cent in March from February lows supported by good export demand and reports of approaching El Nino, which may affect monsoon rains. The demand for guar gum as a hydraulic fracturing agent in the past few m ..
Guar seed futures are currently trading at a 4-year high on diminishing supplies, improving exports of guar gum and forecast of below normal monsoon.
guar seed futures slipped during January-February on expectations of a slowdown in guar exports and sufficient availability in the physical market. Reports of weakness in El Nino, which is expected to boost monsoon rains, also kept the prices lower.