Guar Gum Futures Fall on Weak Demand - PTI

Oct 23, 2024 13:08

Guar gum futures prices dropped on the National Commodity and Derivatives Exchange due to weak demand and ample supplies in the spot market.

New Delhi, Oct 23 (PTI) Guar gum prices on Wednesday dropped Rs 58 to Rs 11,293 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 November delivery fell Rs 58 or 0.51 per cent to Rs 11,293 per quintal in 49,375 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

Singapore Downgrades GDP Growth Forecast to...

Singapore has downgraded its GDP growth forecast for 2025 to 0-2% due to the impact of...

Singapore Downgrades GDP Growth Forecast to...

Singapore has downgraded its GDP growth forecast for 2025 to 0-2% due to the impact of...

Singapore Cuts GDP Growth Forecast Amid Trade War

Singapore has downgraded its GDP growth forecast for 2025 to 0-2% due to US tariffs and...

Bank of Maharashtra Cuts Retail Loan Rates by...

Bank of Maharashtra has reduced its repo-linked lending rate (RLLR) by 25 basis points...

SIP Inflows to Hit Rs 40,000 cr in 18-24...

Union AMC CEO predicts monthly SIP inflows to reach Rs 40,000 crore in the next 18-24...

Hindustan Zinc to Pay Rs 71 Cr for Fly Ash...

Hindustan Zinc Ltd has been ordered to pay Rs 71.1 crore by the Odisha Pollution...

Orient Cement Q4 Profit Drops 38.3% to Rs 42 cr

Orient Cement's net profit declined by 38.3% to Rs 42.07 crore in Q4 FY25. Revenue also...

India Harvests 38% of Wheat Area: Agri Minister

India has harvested 38% of its wheat area, with good yield prospects in key states....

HDFC Capital Invests Rs 1.5K cr in Eldeco for...

HDFC Capital will invest Rs 1,500 crore in Eldeco Group's 18 residential projects...

Nissan to Launch 7-Seater MPV &...

Nissan announces launch plans for a 7-seater MPV in late FY'26 and a 5-seater...

Guar Gum Futures Fall on Weak Demand - PTI

You May Like To Read

MORE NEWS