Guar gum prices dropped by means of ₹57 to ₹eight,503 according to quintal in futures alternate Tuesday as investors reduce the bets on subdued bodily sentiments amid decrease export demand.
Sell-off of positions by traders at higher tiers and pessimistic physical markets due to susceptible export call for for oil drilling industries dragged down guar gum prices in futures trade, marketmen stated.
At the National Commodity and Derivatives Exchange, guar gum for delivery in March slid by using ₹fifty seven, or 0.Sixty seven in line with cent, to ₹eight,503 consistent with quintal with an open hobby of 46,215 plenty.
Likewise, April-delivery agreement shed ₹seventy six, or 0.87 in keeping with cent, to ₹eight,657 according to quintal with an open hobby of sixty six,325 lots.
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