Guar Gum Futures Drop on Weak Demand - PTI
Guar gum futures prices fell on Monday due to low demand and ample supplies, according to the PTI. The April contract dropped to Rs 10,191 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Mar 10 (PTI) Guar gum prices on Monday fell Rs 41 to Rs 10,191 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 April delivery fell Rs 41 or 0.40 per cent to Rs 10,191 per quintal in 43,115 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 April delivery fell Rs 41 or 0.40 per cent to Rs 10,191 per quintal in 43,115 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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