Guar gum futures prices fell on Friday due to weak demand in the spot market and ample supplies. Traders offloaded their holdings, leading to a decline in prices on the National Commodity and Derivatives Exchange.
New Delhi, May 3 (PTI) Guar gum prices on Friday dropped Rs 84 to Rs 10,871 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 May delivery fell Rs 84 or 0.77 per cent to Rs 10,871 per five quintals in 24,460 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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