Guar gum prices softened by Rs 50 to Rs 8,253 per quintal in futures trade today after players reduced their exposure amid a weak trend at the physical markets.
Market players attributed the slide in guar gum prices to a subdued trend at the spot markets on tepid export demand and
fresh supplies of guar seed from growing regions.
At the National Commodity and Derivatives Exchange, guar gum for the most-active June declined by Rs 50 or 0.60 per cent to Rs 8,253 per quintal, clocking an open interest of 55,840 lots.
Similarly, the contracts for July slipped by Rs 49 or 0.58 per cent to Rs 8,358 per quintal in an open interest of 7,000 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)