Guar gum futures fall on low demand

New Delhi: Guar gum prices on Friday fell Rs 21 to Rs 6,050 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 21, or 0.35 per cent, to Rs 6,050 per five quintal in 48,055 lots.

Guar gum for December delivery decreased by Rs 24, or 0.39 per cent to Rs 6,120 per five quintal in 3,910 lots.

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