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01-Aug2013

Guar gum futures exhibit mixed trend on MCX

Guar gum futures showed mixed trend on MCX. The near term contract traded lower on account of speculators reducing their positions on weak cues from spot markets and good production from growing regions. However, expected rise in export and domestic demand are likely to provide support to Guar gum prices in the medium term.

The contract for October delivery was trading at Rs 11880.00 /100 KG, down by 0.45% or Rs 54.00 from its previous closing of Rs 11934.00 /100 KG. The open interest of the contract stood at 241.00 lots.

The contract for November delivery was trading at Rs 11800.00 /100 KG, up by 0.43% or Rs 50.00 from its previous closing of Rs 11750.00 /100 KG. The open interest of the contract stood at 163.00 lots on MCX.


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