Uniform demand conditions for LAB in Indian markets have resulted in the price remaining almost steady. Interestingly, two contrasting procurement patterns were learnt to be prevailing in the eastern and the western parts of India.
Buyers in the eastern part of the country relied mostly on imports of the chemical due to high transportation cost in procuring it from the western regions of the country. While, in the western parts of the country, buyers mostly relied on the production in Gujarat.
In India, Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL) are the major LAB producers, with the respective production capacities of 350,000 tonne per annum and 125,000 tonne per annum respectively.
Besides, adequate stocks were available in the chemical markets in the country to cater to the prevailing demand.
(This article was published on the website on May 14, 2014)
Buyers in the eastern part of the country relied mostly on imports of the chemical due to high transportation cost in procuring it from the western regions of the country. While, in the western parts of the country, buyers mostly relied on the production in Gujarat.
In India, Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL) are the major LAB producers, with the respective production capacities of 350,000 tonne per annum and 125,000 tonne per annum respectively.
Besides, adequate stocks were available in the chemical markets in the country to cater to the prevailing demand.
(This article was published on the website on May 14, 2014)
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