The prices of guar gum have shot up by 14% previous month will also rise more in the coming months. Manufacturers of guar gum products will now increase the prices of their products for the domestic as well as international clients. There are dual reasons behind price hike- less monsoon in India and continuous demand from the USA and China. Though, India is the world’s largest supplier of guar gum and now due to these reasons, even domestic industrial clients are facing shortage of this binding agent.
