Guar Gum Futures Fall on Low Demand
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Guar gum futures prices fell by Rs 50 to Rs 9,978 per quintal due to weak spot market trend and low demand. Traders offloaded holdings on the National Commodity and Derivatives Exchange.
New Delhi, Jul 8 (PTI) Guar gum prices on Tuesday fell by Rs 50 to Rs 9,978 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 August delivery declined by Rs 50 or 0.50 per cent to Rs 9,978 per quintal in 36,995 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 August delivery declined by Rs 50 or 0.50 per cent to Rs 9,978 per quintal in 36,995 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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