Guar gum futures fall on low demand

Guar gum prices on Tuesday fell by Rs 85 to Rs 5,922 per five quintal in futures market as traders offloaded their holdings in line with weak trend in spot market.

On the National Commodity and Derivatives Exchange, guar gum for December delivery eased by Rs 85, or 1.42 per cent, to Rs 5,922 per five quintal in 41,750 lots.

Guar gum for January delivery decreased by Rs 94, or 1.54 per cent, to Rs 6,000 per five quintal in 14,765 lots.

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