Guar gum futures prices dropped on the National Commodity and Derivatives Exchange due to low demand and ample supplies in the spot market.
New Delhi, Jul 12 (PTI) Guar gum prices on Friday dropped Rs 47 to Rs 10,663 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 47 or 0.44 per cent to Rs 10,663 per five quintals in 8,120 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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