Rhodia - Hindustan Gum

GUAR MARKET REPORT

(WEEK ENDING 5th July, 2008)

Remarks:-

Stockists Activities:-

Speculators were active in the market.

Weather Condition:-

There was continued good rain in Haryana and adjoining areas.

Demand/Price Trend:-

During the week the price further moved mainly due to (a) continue good demand (b) almost no rain in Western Rajasthan. However, at the moment there is good rain in Haryana and its adjusant areas such as Ganganagar, Punjab and North-Eastern Rajasthan. There is also report of good sowing in this area.

Looking to the current demand, even if there may be good rain in coming days in Western Rajasthan, can soften the price within limited range. If anything adversely happen to 2nd and 3rd rain it will result into sharp rise in price since this year the carry forward stock will be lower and normal requirement of the crop is 9 million bags.

It is the time to take position on regular basis.

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