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

Insurance Premium Rise, Agent Commission Cut:...

IRDAI's revised surrender value guidelines come into effect on Tuesday, potentially...

India Should Not Seek GSP Benefits from US: GTRI

GTRI suggests India should not push for GSP benefits reinstatement from the US as the...

SBI Card & Singapore Airlines Launch Co-Branded...

SBI Card partners with Singapore Airlines to launch a co-branded credit card offering...

IPF Plans Rs 3,000cr Capex in Bengal: New Poly...

The Indian Plastics Federation (IPF) plans to invest Rs 3,000 crore in West Bengal,...

Gold Flat at Rs 78,300, Silver Plunges Rs 2,000...

Gold prices remained steady at Rs 78,300 per 10 grams in India, while silver prices...

Reliance Industries Shares Plunge, Market Value...

Reliance Industries shares fell over 3% on Monday, erasing Rs 66,819 crore from its...

Mankind Pharma Approves Rs 10,000 Cr Fundraising

Mankind Pharma plans to raise up to Rs 10,000 crore through non-convertible debentures...

Tata Power Invests Rs 1.2 Lakh Cr in...

Tata Power commits Rs 1.2 lakh crore investment in Rajasthan, including Rs 75,000 crore...

Vipul Organics to Raise Rs 25 Cr for Expansion

Vipul Organics plans to raise Rs 25 crore via rights issue to fund expansion projects,...

Kalpataru Projects Bags Rs 1,241 Cr Orders -...

Kalpataru Projects International Ltd secures Rs 1,241 crore worth of orders in T&D,...

Guar Gum Futures Drop on Weak Demand

You May Like To Read

MORE NEWS