Guar Gum Futures Fall on Low Demand - PTI
Sep 04, 2024 13:53
Guar gum futures dropped on Wednesday due to weak demand and ample supplies in the spot market. Prices fell Rs 87 to Rs 10,629 per quintal.
New Delhi, Sep 4 (PTI) Guar gum prices on Wednesday dropped Rs 87 to Rs 10,629 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 87 or 0.82 per cent to Rs 10,629 per quintal in 35,075 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.