Guar Gum Futures Decline on Weak Demand
Guar gum futures fell on Wednesday due to weak demand and ample supplies. Prices dropped to Rs 10,181 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Mar 12 (PTI) Guar gum prices on Wednesday fell Rs 4 to Rs 10,181 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 April delivery slipped Rs 4 or 0.04 per cent to Rs 10,181 per quintal in 47,100 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum for April delivery slipped Rs 4 or 0.04 per cent to Rs 10,181 per quintal in 47,100 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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