Guar Gum Futures Drop on Low Demand - PTI
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Guar gum futures prices fell on Wednesday due to weak demand and ample supplies, according to PTI. Traders offloaded holdings, resulting in a decline of Rs 102 per quintal.
New Delhi, Apr 23 (PTI) Guar gum prices on Wednesday fell Rs 102 to Rs 9,897 per quintal in the futures trade as traders offloaded their holdings in line with a weak trend in the spot market.
On the National Commodity and Derivatives Exchange, guar gum for May delivery declined Rs 102 or 1.03 per cent to Rs 9,897 per quintal in 48,625 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum for May delivery declined Rs 102 or 1.03 per cent to Rs 9,897 per quintal in 48,625 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
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