Marketmen said cutting down of positions by participants, taking weak cues from the spot markets on constant arrivals of guarseed from growing regions coupled with limited demand from guargum makers, weighed on prices.
Besides, slackness in export demand and muted cues from global markets too dampened the trading sentiments, they said.
At the National Commodity and Derivative Exchange, guargum for most-active June contracts receded by Rs 84 or 0.99 per cent to Rs 8,410 per quintal, in an open interest of 33,855 lots.
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