Guar Gum Futures Drop on Weak Demand
Guar gum futures prices fell on Friday due to low demand and ample supply in the spot market. Traders offloaded their holdings, resulting in a decline of Rs 15 per quintal.
New Delhi, Dec 6 (PTI) Guar gum prices on Friday dropped Rs 15 to Rs 10,164 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 December delivery fell Rs 15 or 0.15 per cent to Rs 10,164 per quintal in 19,375 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 December delivery fell Rs 15 or 0.15 per cent to Rs 10,164 per quintal in 19,375 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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