Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline on low demand. Traders offload holdings amid weak spot market trends. December delivery falls on NCDEX.
New Delhi, Nov 10 (PTI) Guar gum prices on Monday fell Rs 7 to Rs 8,639 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 7 or 0.08 per cent to Rs 8,639 per quintal in 31,980 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 7 or 0.08 per cent to Rs 8,639 per quintal in 31,980 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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