Guar Gum Futures Fall: Low Demand Impacts Prices
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Guar gum futures decline on low demand. Prices fell Rs 25 to Rs 8,405/quintal. Weak spot market trend and ample supplies pressured prices.
New Delhi, Nov 19 (PTI) Guar gum prices on Wednesday fell Rs 25 to Rs 8,405 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 December delivery declined by Rs 25 or 0.30 per cent to Rs 8,405 per quintal in 51,770 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 declined by Rs 25 or 0.30 per cent to Rs 8,405 per quintal in 51,770 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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