Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline on low demand. Prices fell by Rs 69 to Rs 11,371 per quintal. Weak spot market trend pressures prices.
New Delhi, May 4 (PTI) Guar gum prices on Monday fell by Rs 69 to Rs 11,371 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 June delivery declined by Rs 69, or 0.61 per cent, to Rs 11,371 per quintal in 38,920 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 June delivery declined by Rs 69, or 0.61 per cent, to Rs 11,371 per quintal in 38,920 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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