Guar Gum Futures Fall on Weak Demand - PTI
Feb 08, 2024 13:27
Guar gum futures prices on the National Commodity and Derivatives Exchange fell on Thursday due to weak demand and ample supplies in the spot market.
New Delhi, Feb 8 (PTI) Guar gum prices on Thursday dropped Rs 21 to Rs 10,228 per five quintals 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 February delivery fell Rs 21 or 0.21 per cent to Rs 10,228 per five quintals in 19,300 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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