Guar gum futures drop on subdued demand
Jan 24, 2020, 13:03 IST
New Delhi, Jan 24 () Guar gum prices on Friday dropped by Rs 38 to Rs 7,242 per five quintal in futures market as traders offloaded their positions amid subdued demand.
Marketmen said trimming of positions by participants amid weak demand dragged down guar gum prices here.
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On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery slipped by Rs 38, or 0.52 per cent, to Rs 7,242 per five quintal in 48,610 lots.
Guar gum contracts for March delivery eased by Rs 36, or 0.49 per cent, to Rs 7,340 per five quintal in 18,265 lots. VHP SHW SHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)