Guar Gum Futures Plunge on Weak Demand - PTI
Guar gum futures fell on Monday due to low demand and ample supplies, dropping by Rs 22 to Rs 10,142 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Mar 3 (PTI) Guar gum prices on Monday fell by Rs 22 to Rs 10,142 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 April delivery fell Rs 22 or 0.22 per cent to Rs 10,142 per quintal in 31,565 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 April delivery fell Rs 22 or 0.22 per cent to Rs 10,142 per quintal in 31,565 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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