Guar gum futures fall on low demand

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New Delhi, Nov 2 (PTI) Guar gum prices on Monday fell Rs 121 to Rs 6,533 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 November delivery fell by Rs 121, or 1.82 per cent, to Rs 6,533 per five quintal in 17,515 lots.

Guar gum for December delivery decreased by Rs 124, or 1.84 per cent, to Rs 6,620 per five quintal in 36,805 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