Guar Gum Futures Drop on Low Demand - PTI
Guar gum prices fell on Monday due to weak demand and ample supplies, according to PTI. The decline was seen in the futures market, with May delivery dropping by 0.81% to Rs 11,206 per five quintals.
New Delhi, Apr 29 (PTI) Guar gum prices on Monday dropped Rs 91 to Rs 11,206 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 May delivery fell Rs 91 or 0.81 per cent to Rs 11,206 per five quintals in 32,170 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 May delivery fell Rs 91 or 0.81 per cent to Rs 11,206 per five quintals in 32,170 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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