Guar Gum Futures Fall on Low Demand
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Guar gum futures decline on low demand. Traders offload holdings due to weak spot market trend and ample supplies.
New Delhi, Oct 3 (PTI) Guar gum prices on Friday fell Rs 76 to Rs 8,916 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 November delivery declined by Rs 76, or 0.85 per cent, to Rs 8,916 per quintal in 27,410 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 November delivery declined by Rs 76, or 0.85 per cent, to Rs 8,916 per quintal in 27,410 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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