Guar Gum Futures Plunge on Weak Demand

New Delhi, Apr 3 (PTI) Guar gum prices on Thursday fell Rs 21 to Rs 10,542 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 May delivery declined Rs 21 or 0.20 per cent to Rs 10,542 per quintal in 33,810 lots.

Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.