Guar gum futures declined on the National Commodity and Derivatives Exchange due to weak spot market demand and ample supplies. Prices fell to Rs 10,034 per quintal.
New Delhi, Dec 13 (PTI) Guar gum prices on Friday dropped Rs 29 to Rs 10,034 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 December delivery fell Rs 29 or 0.29 per cent to Rs 10,034 per quintal in 7,415 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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