India, Feb. 6 -- Guar gum prices declined in futures trade on Friday as traders reduced positions amid a weak trend in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for March delivery fell by Rs 181, or 1.72 percent, to ?10,354 per quintal, with a business turnover of 43,600 lots.
Market participants attributed the fall to subdued demand in the physical market coupled with ample supplies from major growing regions, which continued to weigh on prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....