Guar Gum Futures Drop on Low Demand - PTI
Jan 03, 2024 15:30
Guar gum futures prices fell on Wednesday due to weak demand and ample supplies in the spot market. Traders offloaded their holdings, leading to a decline in prices on the National Commodity and Derivatives Exchange.
New Delhi, Jan 3 (PTI) Guar gum prices on Wednesday dropped Rs 212 to Rs 10,326 per five quintals in the futures market as traders offloaded their holdings in line with a weak trend in the spot market.
On the National Commodity and Derivatives Exchange, guar gum for January delivery fell Rs 212 or 2.05 per cent to Rs 10,326 per five quintals in 28,410 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.