Futures trade for guar gum slid 181 rupees to 15,440 rupees per quintal on Tuesday as investors dumped their positions in response to a negative trend in the spot market.
The price of guar gum on the National Commodity and Derivatives Exchange fell 1.16 percent, or 181 rupees, to 15,440 rupees per quintal in 76,200 lots for November delivery.
Market participants stated that guar gum prices were impacted by a lack of demand in the spot market and an excess of supplies from growing regions.
