Guar gum futures ease on low demand

Guar gum prices on Monday fell Rs 110 to Rs 6,035 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 January delivery fell by Rs 110, or 1.79 per cent, to Rs 6,035 per five quintal in 47,855 lots.

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