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Guar gum futures fall on low demand

New Delhi,  Guar gum prices on Tuesday fell Rs 29 to Rs 6,091 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 29, or 0.47 per cent, to Rs 6,091 per five quintal in 31,250 lots

Guar gum for November delivery decreased by Rs 18, or 0.29 per cent to Rs 6,158 per five quintal in 20,740 lots.

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