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Guar gum futures fall on low demand

New Delhi, Guar gum prices on Thursday fell Rs 30 to Rs 6,120 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 October delivery fell by Rs 30, or 0.49 per cent, to Rs 6,120 per five quintal in 42,320 lots Guar gum for November delivery decreased by Rs 39, or 0.63 per cent to Rs 6,180 per five quintal in 9,720 lots.

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