Guar gum futures drop 3 pc on tepid demand
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
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