Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline on low demand. December delivery falls on NCDEX. Weak spot market trend and ample supplies pressure prices.
New Delhi, Nov 3 (PTI) Guar gum prices on Monday fell Rs 21 to Rs 8,733 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 December delivery declined by Rs 21 or 0.24 per cent to Rs 8,733 per quintal in 27,500 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 December delivery declined by Rs 21 or 0.24 per cent to Rs 8,733 per quintal in 27,500 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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