India, April 24 -- Guar gum prices fell on Friday, dropping Rs 22 to Rs 11,042 per quintal in futures trade as traders reduced their positions, tracking a weak trend in the spot market.
On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery declined by Rs 22, or 0.20%, to Rs 11,042 per quintal, with a trading volume of 51,990 lots.
Market participants attributed the fall to subdued demand in the spot market along with ample supplies from producing regions, which weighed on prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....