Guar Gum Futures Trade Down as Supply Outpaces Demand

Guar Gum Futures Trade Down as Supply Outpaces Demand.webp

New Delhi, March 23 Guar gum prices fell by ₹98 to ₹9,965 per quintal on Monday 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 ₹98, or 0.97%, to ₹9,965 per quintal in 56,635 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 contracts futures trading guar gum guar gum prices india market trends national commodity and derivatives exchange new delhi price decline quintal spot market supply and demand trading volume
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