Guar Gum Futures Fall: Demand Dips
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Guar gum futures decline on low demand. September delivery falls Rs 82 to Rs 9,790/quintal. Weak spot market & ample supplies cited.
New Delhi, Aug 25 (PTI) Guar gum prices on Monday fell Rs 82 to Rs 9,790 per quintal in the futures trade 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 September delivery declined by Rs 82 or 0.84 per cent to Rs 9,790 per quintal in 43,330 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 September delivery declined by Rs 82 or 0.84 per cent to Rs 9,790 per quintal in 43,330 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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