Guar Gum Futures Drop on Weak Demand - PTI
Guar gum futures prices fell on Thursday due to low demand in the spot market and ample supply. The decline was seen on the National Commodity and Derivatives Exchange.
New Delhi, Feb 20 (PTI) Guar gum prices on Thursday fell by Rs 47 to Rs 10,167 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 by Rs 47 or 0.46 per cent to Rs 10,167 per quintal in 52,985 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 by Rs 47 or 0.46 per cent to Rs 10,167 per quintal in 52,985 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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