Guar Gum Futures Plunge on Weak Demand
Guar gum futures prices declined on the National Commodity and Derivatives Exchange due to low demand and ample supply. Learn more about the market trends.
New Delhi, Jun 21 (PTI) Guar gum prices on Friday dropped Rs 126 to Rs 10,702 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 126 or 1.18 per cent to Rs 10,702 per five quintals in 44,835 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 July delivery fell Rs 126 or 1.18 per cent to Rs 10,702 per five quintals in 44,835 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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