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Guargum futures decline over 2 pc on weak spot cues

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Press Trust of India New Delhi
Guargum prices declined by Rs 310 to Rs 13,130 per quintal in future trading today following increased selling by stockists.

At the National Commodity and Derivatives Exchange, the May contract of guargum dipped by Rs 310, or 2.31 per cent, to Rs 13,130 per quintal, with an open interest of 1,393 lots.

The March contract slipped by Rs 240, or 1.83 per cent at Rs 12,840 per quintal, in an open interest of 113 lots.

The most active April contract fell by Rs 160, or 1.22 per cent to Rs 12,980 per quintal, in an open interest of 7,485 lots.
 

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First Published: Mar 19 2014 | 2:01 PM IST

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