Guar gum futures prices fell on the National Commodity and Derivatives Exchange due to weak demand and ample supplies in the spot market. Read more about the decline in guar gum prices.
New Delhi, Feb 23 (PTI) Guar gum prices on Friday dropped Rs 37 to Rs 10,467 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 March delivery fell Rs 37 or 0.35 per cent to Rs 10,467 per five quintals in 42,620 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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