Guar Gum Futures Plunge on Weak Demand
Guar gum futures prices declined on the National Commodity and Derivatives Exchange due to weak demand and ample supplies in the spot market. Read more.
New Delhi, Aug 13 (PTI) Guar gum prices on Tuesday dropped Rs 11 to Rs 10,380 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 August delivery fell Rs 11 or 0.11 per cent to Rs 10,380 per quintal in 5,585 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 August delivery fell Rs 11 or 0.11 per cent to Rs 10,380 per quintal in 5,585 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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