Guar gum futures prices fell on Friday due to weak demand and ample supply. The March contract on the National Commodity and Derivatives Exchange (NCDEX) closed at Rs 10,263 per five quintals.
New Delhi, Mar 1 (PTI) Guar gum prices on Friday dropped Rs 73 to Rs 10,263 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 73 or 0.71 per cent to Rs 10,263 per five quintals in 25,550 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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