Guar Gum Futures Fall on Low Demand
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Guar gum futures decline on weak spot market demand. Traders offload holdings. November delivery down on NCDEX.
New Delhi, Oct 29 (PTI) Guar gum prices on Wednesday fell Rs 9 to Rs 8,969 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 9 or 0.10 per cent to Rs 8,969 per quintal in 17,575 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 9 or 0.10 per cent to Rs 8,969 per quintal in 17,575 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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