Guar gum prices remained lower by Rs 27 to Rs 8,297 per quintal in futures trade today following narrowing of bets by traders in tune with discouraging physical cues.
Market players attributed the negativity in the guar gum futures prices to the mounting of stocks on persistent arrivals of guar seed from growing regions in the spot market amid muted export demand for oil drilling industries.
At the National Commodity and Derivatives Exchange, guar gum delivery for the July contract slipped further by Rs 27, or 0.32 per cent, to Rs 8,297 per quintal, in an open interest of 17,060 lots.
Likewise, the delivery of the most-traded first contract June declined by Rs 22, or 0.27 per cent, to Rs 8,190 per quintal, with a business turnover of 45,255 open lots.
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