Guar Gum Futures Trade Down as Supply Outpaces Demand

Guar Gum Futures Trade Down as Supply Outpaces Demand.webp

New Delhi, March 4 Guar gum prices fell by Rs 87 to Rs 9,625 per quintal on Wednesday in futures trading, 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 declined by Rs 87, or 0.90 per cent, to Rs 9,625 per quintal in 38,415 lots.

Marketmen said slack demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
 
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april delivery commodities futures trading guar gum india national commodity and derivatives exchange new delhi price decline quintuple spot market supply and demand trading
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