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Guar Gum News - Majority Guar Cash Market Yards Closed for COVID Lockdown Restrictions, US Oilrigs Gradually Increasing
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Majority Guar Cash Market Yards Closed for COVID Lockdown Restrictions, US Oilrigs Gradually Increasing

Majority of the guar markets remained closed due to lockdown restrictions, besides there are few markets where there are no reports of arrivals of the seed due to lean season.
 
As per data released by Baker Hughes, the number of oilrigs in USA increased by 2 to 440 as on 30th April 2021 compared to 438 previous week, 23rd April 2021. Further, they are up by 8% from 408 oilrigs in the corresponding period in last year. Gradual increase in the rig counts is a good sign for India’s guar gum exports and it is even visible since last 2 months.