Guar gum futures prices fell on the National Commodity and Derivatives Exchange (NCDEX) on Thursday due to weak demand and ample supplies in the spot market.
New Delhi, Jul 4 (PTI) Guar gum prices on Thursday dropped Rs 51 to Rs 10,501 per five quintals 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 July delivery fell Rs 51 or 0.49 per cent to Rs 10,501 per five quintals in 22,285 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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