Guar gum futures fall on low demand

News

Guar gum prices on Friday fell Rs 151 to Rs 6,144 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 December delivery fell by Rs 151, or 2.4 per cent, to Rs 6,144 per five quintal in 740 lots.

Guar gum for January delivery decreased by Rs 29, or 0.47 per cent to Rs 6,180 per five quintal in 49,920 lots.

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

Articles You May Like

Asian economies scramble to appease Trump as the U.S. president ratchets up tariff threats
Trump’s tariffs send gold soaring to new peak, yellow metal tops Rs 86,000/10 gm mark
The big January jobs report comes out Friday. Here’s what to expect
Gold ends with 7th straight weekly advance riding on Trump’s tariff fears
Dollar Slides as Markets Cheer Tariff Delay, Kiwi Surges on Manufacturing Rebound

Leave a Reply

Your email address will not be published. Required fields are marked *