Guar Gum Futures Decline Amid Low Demand & Ample Supply
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Guar gum futures prices dropped by Rs 284 to Rs 11,683 per quintal on NCDEX due to weak spot market demand and ample supplies.
New Delhi, Jul 21 (PTI) Guar gum prices on Tuesday fell by Rs 284 to Rs 11,683 per quintal in futures trade as market participants offloaded their holdings in line with a weak trend in the spot market.
On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery declined by Rs 284, or 2.37 per cent, to Rs 11,683 per quintal in 65,485 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions are putting pressure on guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for August delivery declined by Rs 284, or 2.37 per cent, to Rs 11,683 per quintal in 65,485 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions are putting pressure on guar gum prices.
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