Guar Gum Futures Fall on Weak Demand
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Guar gum futures prices fell on Monday due to weak demand in the spot market and ample supplies from growing regions.
New Delhi, May 5 (PTI) Guar gum prices fell Rs 153 to Rs 9,551 per quintal in the futures trade on Monday 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 Rs 153 or 1.60 per cent to Rs 9,551 per quintal in 33,885 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 Rs 153 or 1.60 per cent to Rs 9,551 per quintal in 33,885 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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