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US fracking slump threatens Indian guar industry

Orders for guar gum drying up as US oil-and-gas companies cut investments following oil price plunge

Demand for guar gum has roughly halved, forcing some factories in northern India to shut, a major producer said.

New Delhi

A BIG bet on the US fracking boom is coming back to haunt India's guar industry.

Orders for guar gum - used to extract shale oil and gas - are drying up as US companies cut investments following the plunge in crude oil prices. For Vikas WSP Ltd, India's second- largest...

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