Guar Gum Futures Drop on Weak Demand
Guar gum futures fell on Friday due to low demand and ample supply, with prices dropping by Rs 38 to Rs 10,031 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Feb 21 (PTI) Guar gum prices on Friday fell by Rs 38 to Rs 10,031 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 38 or 0.38 per cent to Rs 10,031 per quintal in 51,925 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 38 or 0.38 per cent to Rs 10,031 per quintal in 51,925 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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