Guar gum futures fall on low demand

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New Delhi, Apr 26 (PTI) Guar gum prices on Monday fell Rs 120 to Rs 6,250 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 May delivery fell by Rs 120, or 1.88 per cent, to Rs 6,250 per five quintal in 40,960 lots.

Guar gum for June delivery dropped by Rs 108, or 1.57 per cent to Rs 6,350 per five quintal in 17,450 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