Guar Gum Futures Drop on Weak Demand

Sep 30, 2024 13:06

Guar gum futures prices declined on Monday due to weak demand in the spot market and ample supplies from growing regions. The price fell by Rs 38 to Rs 11,525 per quintal.

New Delhi, Sep 30 (PTI) Guar gum prices on Monday dropped Rs 38 to Rs 11,525 per quintal 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 October delivery fell Rs 38 or 0.33 per cent to Rs 11,525 per quintal in 29,859 lots.

Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.

Source: PTI

MORE NEWS

Byju's Founders Slam US Lawsuit as 'Baseless',...

Byju's founders have refuted allegations in a US lawsuit by GLAS Trust, calling it a...

Gensol Engineering Commissions Solar Project in...

Gensol Engineering has commissioned a 40-acre solar project in Jharkhand, generating...

UP Hailstorm Damage: CM Orders Crop Survey -...

Uttar Pradesh Chief Minister Yogi Adityanath has ordered an immediate survey of crops...

NBCC Sells 1,185 Units in Greater Noida for Rs...

NBCC Ltd has sold 1,185 residential units in Greater Noida through e-auction, garnering...

RBI Asks NBFCs to Treat Customers with Dignity,...

RBI Deputy Governor Swaminathan J urges NBFCs to prioritize customer dignity,...

Homebuyers Protest Delay in Jaypee Infratech...

Homebuyers in Noida protested against the delayed completion of Jaypee Infratech...

Anand Rathi Wealth Q4 Profit Surges 30% to Rs...

Anand Rathi Wealth reports a 30% jump in Q4 profit to Rs 74 crore, driven by strong...

Husk Power & Olam Agri Partner for Solar...

Husk Power and Olam Agri collaborate on a 1.3 MWp solar project in Nigeria, providing...

Indian Robotics Team Qualifies for World...

A Mumbai-based robotics team of students has qualified for the World Championship in...

UK Financial Watchdog CEO Nikhil Rathi...

Nikhil Rathi, Indian-origin CEO of the UK's Financial Conduct Authority (FCA), has been...

Guar Gum Futures Drop on Weak Demand

You May Like To Read

MORE NEWS