Guar gum futures prices fell on the National Commodity and Derivatives Exchange due to weak demand and ample supplies. Read more about the market trends.
New Delhi, Nov 29 (PTI) Guar gum prices on Friday dropped Rs 37 to Rs 10,147 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 December delivery fell by Rs 37 or 0.36 per cent to Rs 10,147 per quintal in 32,675 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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