Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline on low demand. March delivery falls on NCDEX. Weak spot market trend and ample supplies pressure prices.
New Delhi, Feb 4 (PTI) Guar gum prices on Wednesday fell Rs 18 to Rs 10,485 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 March delivery declined by Rs 18, or 0.17 per cent, to Rs 10,485 per quintal in 40,035 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 March delivery declined by Rs 18, or 0.17 per cent, to Rs 10,485 per quintal in 40,035 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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