Guar gum futures dropped Rs 141 to Rs 11,217 per quintal on Thursday due to weak demand and ample supply in the spot market.
New Delhi, Aug 1 (PTI) Guar gum prices on Thursday dropped Rs 141 to Rs 11,217 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 August delivery fell Rs 141 or 1.26 per cent to Rs 11,217 per quintal in 23,255 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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