Guar gum futures fall on low demand

NEW DELHI: Guar gum prices on Friday dropped Rs 10 to Rs 10,170 per quintal in the futures market as traders offloaded their holdings in line with a weak trend in the spot market.

On the National Commodity and Derivatives Exchange, guar gum for August delivery fell Rs 10 or 0.10 per cent to Rs 10,170 per quintal in 2,120 lots.

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