Guar gum futures fall on low demand

NEW DELHI: Guar gum prices on Wednesday fell Rs 69 to Rs 9,617 per quintal in the futures trade 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 July delivery declined by Rs 69, or 0.72 per cent, to Rs 9,617 per quintal in 44,970 lots.

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