Guar gum futures fall on low demand

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New Delhi, Feb 16 (PTI) Guar gum prices on Tuesday fell Rs 1 to Rs 6,300 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 February delivery fell by Rs 1, or 0.02 per cent, to Rs 6,300 per five quintal in 56,040 lots.

Guar gum for March delivery dropped by Rs 61, or 0.95 per cent, to Rs 6,374 per five quintal in 2,050 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