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 pressures prices.
New Delhi, Nov 21 (PTI) Guar gum prices on Friday fell Rs 37 to Rs 8,553 per quintal in 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 Rs 37, or 0.43 per cent, to Rs 8,553 per quintal in 48,260 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 Rs 37, or 0.43 per cent, to Rs 8,553 per quintal in 48,260 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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