Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline on NCDEX due to weak spot market demand and ample supplies. December delivery falls to Rs 8,535 per quintal.
New Delhi, Nov 17 (PTI) Guar gum prices on Monday fell Rs 65 to Rs 8,535 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 65 or 0.76 per cent to Rs 8,535 per quintal in 48,970 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 65 or 0.76 per cent to Rs 8,535 per quintal in 48,970 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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