Guar Gum Futures Drop on Weak Demand - PTI
Guar gum futures prices fell on Wednesday due to low demand in the spot market and ample supplies, according to PTI.
New Delhi, Feb 19 (PTI) Guar gum prices on Wednesday fell by Rs 12 to Rs 10,198 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 March delivery fell Rs 12 or 0.12 per cent to Rs 10,198 per quintal in 53,790 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 March delivery fell Rs 12 or 0.12 per cent to Rs 10,198 per quintal in 53,790 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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