Guar Gum Futures Drop on Weak Demand - PTI
May 21, 2024 14:52
Guar gum futures prices fell on Tuesday due to low demand in the spot market and ample supplies. Learn more about the latest guar gum market trends.
New Delhi, May 21 (PTI) Guar gum prices on Tuesday dropped Rs 27 to Rs 10,811 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 May delivery fell Rs 27 or 0.25 per cent to Rs 10,811 per five quintals in 47,170 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
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