On Monday, guar gum prices declined by Rs 376, settling at Rs 15,602 per quintal in futures trade, as market participants liquidated their holdings in response to a sluggish trend observed in the spot market.
On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery experienced a decrease of Rs 376, representing a decline of 2.35 percent, settling at Rs 15,602 per quintal across 64,925 lots.
Market participants indicated that weak demand in the spot market, coupled with abundant supplies from producing regions, has exerted downward pressure on guar gum prices.
