Guar gum futures fall on low demand

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New Delhi, Feb 22 (PTI) Guar gum prices on Monday fell Rs 4 to Rs 6,130 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 March delivery fell by Rs 4, or 0.07 per cent, to Rs 6,130 per five quintal in 50,075 lots.

Guar gum for April delivery dropped by Rs 10, or 0.16 per cent, to Rs 6,199 per five quintal in 8,205 lots.

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