India, Nov. 12 -- Guar gum futures dropped on Wednesday as traders trimmed positions amid low demand and sufficient supplies in the market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for December delivery fell by Rs 46, or 0.54%, to Rs 8,473 per quintal, with an open interest of 43,685 lots.
Market participants attributed the decline to sluggish demand in the spot market coupled with increased supply from major producing regions, which continued to weigh on prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....