Guar Gum Futures Fall on Low Demand
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Guar gum futures decline on low demand. Traders offload holdings amid weak spot market trend and ample supplies. NCDEX November delivery details.
New Delhi, Oct 9 (PTI) Guar gum prices on Thursday fell Rs 30 to Rs 8,900 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 November delivery declined by Rs 30 or 0.34 per cent to Rs 8,900 per quintal in 37,510 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 November delivery declined by Rs 30 or 0.34 per cent to Rs 8,900 per quintal in 37,510 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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