Guar gum futures prices dropped Rs 10 to Rs 11,660 per quintal on the National Commodity and Derivatives Exchange, driven by weak spot market demand and ample supplies.
New Delhi, Oct 1 (PTI) Guar gum prices on Tuesday dropped Rs 10 to Rs 11,660 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 10 or 0.09 per cent to Rs 11,660 per quintal in 24,750 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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