Guar gum futures prices dropped on Monday due to weak demand in the spot market and ample supplies, according to the PTI.
New Delhi, Jul 1 (PTI) Guar gum prices on Monday dropped Rs 108 to Rs 10,378 per five quintals 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 July delivery fell Rs 108 or 1.04 per cent to Rs 10,378 per five quintals in 29,130 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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