Agri Business

Guargum futures extends losses

PTI New Delhi | Updated on March 12, 2018

Guargum prices fell by Rs 113 to Rs 10,148 per quintal at the futures trade today due to renewed selling by speculators in line with a weak domestic and overseas market sentiment.

Market analysts said traders indulged in off-loading their holdings on the back of a weak domestic and global spot market trend.

At the National Commodity and Derivatives Exchange, guargum for delivery in June dipped by Rs 113 or 1.1 per cent to Rs 10,148 per quintal with a trade volume of 14,955 lots.

Similarly, July contract also went down by Rs 114 or 1.09 per cent to Rs 10,375 per quintal with an open interest of 44,275 lots.

Published on May 24, 2011

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