The export of guar gum increased by 2.67% in the year 2023-24 (April 2023-March 2024). According to data released by the Government of India, Agriculture Ministry, the total export of guar products from April 2023 to March 2024 was 417,691 MT, which is 11,160 MT higher than the previous year. Last year's export of guar gum was 406,531 MT. This is positive news for guar farmers and guar gum exporters, as the export of guar products has increased by 2.67%. This year, guar has generated foreign exchange worth 542 million USD. In contrast, the previous year's export of guar gum was valued at 617 million USD for the same period. Thus, the revenue generated by guar gum has decreased by 12.16% or 75 million USD. Despite this, the market sentiment remains positive as guar gum is being sold at higher prices.
Research The export of guar gum increased by 2.67% in the year 2023-24
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