Guar Gum Futures Fall: Demand Dips
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Guar gum futures decline on low demand. Prices fell by Rs 95 to Rs 11,275 per quintal. Weak spot market trend pressures prices.
New Delhi, May 15 (PTI) Guar gum prices on Friday fell by Rs 95 to Rs 11,275 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 June delivery declined by Rs 95, or 0.84 per cent, to Rs 11,275 per quintal in 63,940 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 June delivery declined by Rs 95, or 0.84 per cent, to Rs 11,275 per quintal in 63,940 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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