Guar gum futures fall on low demand

New Delhi: Guar gum prices on Wednesday fell Rs 31 to Rs 6,723 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 31, or 0.46 per cent, to Rs 6,723 per five quintal in 30,600 lots.

Guar gum for December delivery decreased by Rs 32, or 0.47 per cent to Rs 6,800 per five quintal in 23,490 lots.

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