On Monday, guar gum prices declined by Rs 57, settling at Rs 16,565 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 December delivery experienced a decrease of Rs 57, or 0.34 percent, settling at Rs 16,565 per quintal across 65,005 lots.
Marketmen said slack demand in the spot market and ample supplies from growing regions put pressure on guar gum prices.
