The price of guar gum dropped by Rs 96 to Rs 10,791 per five quintals in the futures market on Monday. This decline was due to traders selling off their holdings as a result of a weak trend in the spot market. On the National Commodity and Derivatives Exchange, guar gum for June delivery fell by Rs 96 or 0.89 percent to Rs 10,791 per five quintals in 39,805 lots. Market experts attributed the drop in prices to reduced demand in the spot market and increased supplies from growing regions.
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