Guar Gum Futures Drop on Weak Demand - PTI
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Guar gum futures fell on Monday due to low demand and ample supply, with prices declining by Rs 155 to Rs 9,806 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, May 26 (PTI) Guar gum prices on Monday fell by Rs 155 to Rs 9,806 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 June delivery declined by Rs 155 or 1.58 per cent to Rs 9,806 per quintal in 44,540 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 June delivery declined by Rs 155 or 1.58 per cent to Rs 9,806 per quintal in 44,540 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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