Guar gum prices plummeted by Rs 26 to Rs 8,607 per 5 quintal in futures trade Friday amid offloading of exposure by investors in sync with a weak trend in physical markets.
On the National Commodity and Derivatives Exchange, guar gum contracts for July delivery moved down by Rs 26, or 0.03 per cent, to Rs 8,607 per 5 quintal with an open interest of 58,565 lots.
Similarly, guar gum contracts for August moved down by Rs 22, or 0.25 per cent, to Rs 8,740 per 5 quintal with an open interest of 4,665 lots.
Marketmen said soaring stocks against muted demand from guar gum makers mainly led to the fall in guar gum futures.
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