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Guar gum futures fall on low demand

Guar gum prices on Thursday fell Rs 41 to Rs 6,298 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market.

On the National Commodity and Derivatives Exchange, guar gum for September delivery fell by Rs 41, or 0.65 per cent, to Rs 6,298 per five quintal in 14,915 lots

Guar gum for October delivery decreased by Rs 45, or 0.7 per cent to Rs 6,379 per five quintal in 36,735 lots.

Marketmen said slackness in demand in the spot market and increased supplies from growing regions put pressure on guar gum prices. PTI