Guar gum futures prices fell on the National Commodity and Derivatives Exchange due to weak demand and ample supplies.
New Delhi, Jan 5 (PTI) Guar gum prices on Friday dropped Rs 128 to Rs 10,303 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 January delivery fell Rs 128 or 1.24 per cent to Rs 10,303 per five quintals in 24,450 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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