Guar gum futures prices dropped on the National Commodity and Derivatives Exchange (NCDEX) due to low demand and ample supplies. Read more.
New Delhi, Nov 24 (PTI) Guar gum prices on Friday dropped Rs 18 to Rs 11,397 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 December delivery fell Rs 18 or 0.16 per cent to Rs 11,397 per five quintals in 53,150 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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