Guar Gum Futures Drop on Low Demand - PTI
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Guar gum futures prices fell on Wednesday due to weak demand and ample supply in the spot market, according to PTI. The June contract declined by 1% to Rs 9,897 per quintal.
New Delhi, May 21 (PTI) Guar gum prices on Wednesday fell by Rs 99 to Rs 9,897 per quintal in the futures trade 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 June delivery declined by Rs 99 or 1 per cent to Rs 9,897 per quintal in 49,355 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 June delivery declined by Rs 99 or 1 per cent to Rs 9,897 per quintal in 49,355 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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