Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline Rs 75 to Rs 8,610/quintal on NCDEX due to weak spot demand and ample supplies. December delivery impacted.
New Delhi, Nov 11 (PTI) Guar gum prices on Tuesday fell Rs 75 to Rs 8,610 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 75 or 0.87 per cent to Rs 8,610 per quintal in 40,950 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 75 or 0.87 per cent to Rs 8,610 per quintal in 40,950 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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