Guar Gum Prices Decline in Futures Trading
New Delhi, March 23 – Guar gum prices experienced a decrease in futures trading on Monday, falling by ₹98 per quintal to ₹9,965. The decline reflects a weak trend observed in the spot market.On the National Commodity and Derivatives Exchange, guar gum for April delivery saw a drop of ₹98, representing a 0.97% decrease, to a price of ₹9,965 per quintal. Trading volume reached 56,635 lots.
Market participants cited slack demand in the spot market alongside an increase in supply from growing regions as contributing factors to the price reduction.
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