The oil companies are no more demanding the Indian Guar Gum. As per the current information the company has find out the possible alternate of guar gum. One of these alternate is natural and another alternate is synthetic.
The oil companies were expecting the guar gum rate come down.
They found it better to invest in R& D instead of paying huge amount to Indian exporters. The Indian govt took right step to de-list the guar Gum, but some profit centric people miss leaded the farmers and asked the farmers to not to supply the guar gum in the local market. This condition leaded to the dead lock. The farmers were not selling and the buyers were not buying.
This dead lock condition leaded to the exporter toward the not buying the guar gum from India. The guar crop could have given best result to the growers in long term. But it was a suicide step by the speculators and farmers. Now the Oil industry will totally make the guar gum away from the industries.
For a short profit centric artificial supply shortage leaded to this condition. Guar was a golden Hen which was killed by its owner. This is also a warning for other industries also.
Not the farmer and stockist will face a huge loss. It is expected that very soon the the rate of guar gum and Guar seed will comes its normal level.
The last natural level of guar seed was INR Rs 3200/qt before demand from the Natural gas industry