Guargum prices plunged by Rs 200 to Rs 6,485 per quintal in futures trade today following all round selling by traders in line with weak spot market sentiment.
Marketmen said poor buying support and ample supply in physical markets mainly brought down the trading sentiments here in the future markets.
Sluggish demand from paste and adhesive making industries too put some weight on the prices, they added.
At the National Commodity and Derivatives Exchange, guargum prices for far May month contract delivered at Jodhpur came down by Rs 200 or 2.99 per cent to Rs 6,485 per quintal, showing an open interest of 60 lots.
Current December month contract plummeted by Rs 74 or 1.18 per cent to Rs 6,179 per quintal, having an open interest of 7,570 lots.
Most active January month contract also slided by Rs 82 or 1.29 per cent to Rs 6,260 per quintal, with an open interest of 36,920 lots.
