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 12 (PTI) Guar gum prices on Thursday fell marginally Rs 3 to Rs 10,069 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 3, or 0.03 per cent, to Rs 10,069 per quintal in 52,245 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 3, or 0.03 per cent, to Rs 10,069 per quintal in 52,245 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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