India, Jan. 30 -- Guar gum futures declined on Friday, with prices falling Rs 30 to Rs 10,340 per quintal, as traders reduced positions amid weak demand signals from the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for February delivery dropped Rs 30, or 0.29%, to trade at Rs 10,340 per quintal, with volumes of 34,795 lots.
Market participants attributed the decline to subdued demand in the spot market along with ample supplies from major producing regions, which continued to weigh on prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....