Guar gum futures drop 3 pc on tepid demand

New Delhi, Mar 18 () Guar gum prices on Wednesday fell 3 per cent to Rs 5,116 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market.

On the National Commodity and Derivatives Exchange, guar gum for March delivery traded down by Rs 158, or 3 per cent, to Rs 5,116 per five quintal in 335 lots.

Guar gum for April delivery eased by Rs 136, or 2.58 per cent, to Rs 5,131 per five quintal in 46,685 lots.

Marketmen said slackness in demand in the spot market and increased supplies from growing regions mainly exerted pressure on guar gum prices. VHP SHWSHW

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

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