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Guar gum futures jump for second straight day

Guar gum futures jump for second straight day

Thursday, April 13, 2017, 6:37 PM

Guar gum futures prices jumped higher on Thursday, second consecutive session gain this week, on anticipation that the monsoon this season may be weak on account of El Nino coupled with growing export demand from the country. The carryover stocks of guar seed is expected to be lower this season due to lower-production during last two years and improved guar gum exports in 2016/17.
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