Procurement Resource provides latest prices of Locust Bean Gum. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Locust Bean Gum for several regions around the globe, which are as follows:
Locust bean gum (LBG), a white to yellow powder, is a galactomannan vegetable gum. It is extracted from the seeds of Ceratonia siliquia tree, commonly known as carob tree and is also utilised as a thickening agent in food products. The bean, upon its conversion to powder tastes sweet with a flavour similar to that of chocolate.
In order to produce Locust Bean Gum, the seeds of the carob tree are collected, followed by their deskinning via acid treatment. Then, the obtained seeds are split and milled, followed by the separation of endosperms and germs via sieving. The obtained endosperms are finally ground to obtain Locust Bean Gum powder.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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