Guar gum pricing is about $7,000/ton, down from $27,000/ton back in May this year.
Also, India normally sells 60% of its Guar to the oil industry and 40% to the food industry. But this year, the food industry has only bought 20% because of the high prices.
US oil drilling and food companies are turning to Guar gum alternatives. Our company has Guar gum alternatives: for both industrial (oil drilling industry, hydroseeding, carpet dying, leather tanning, explosives, cat litter) and food (bread, ice cream, yogurt, salad dressing, juices, wet pet food). Contact us today for more information.