Guar Gum Futures Drop on Weak Demand - PTI
Guar gum futures declined by Rs 70 per quintal on the National Commodity and Derivatives Exchange due to weak demand and ample supplies in the spot market.
New Delhi, Dec 24 (PTI) Guar gum prices on Tuesday dropped Rs 70 to Rs 10,430 per quintal 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 70 or 0.67 per cent to Rs 10,430 per quintal in 51,325 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 January delivery fell Rs 70 or 0.67 per cent to Rs 10,430 per quintal in 51,325 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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