Guar gum futures prices fell on Friday in the National Commodity and Derivatives Exchange, driven by weak demand in the spot market and ample supplies.
New Delhi, Oct 4 (PTI) Guar gum prices on Friday dropped Rs 69 to Rs 11,215 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 69 or 0.62 per cent to Rs 11,215 per quintal in 19,537 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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