Guar gum futures prices fell on Wednesday due to weak demand and ample supply in the spot market. Traders offloaded holdings, leading to a drop of Rs 21 to Rs 10,431 per five quintals.
New Delhi, Jun 12 (PTI) Guar gum prices on Wednesday dropped Rs 21 to Rs 10,431 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 June delivery fell Rs 21 or 0.20 per cent to Rs 10,431 per five quintals in 6,455 lots.
Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback