Guar gum futures fall on low demand

Guar gum prices on Tuesday fell by Re 1 to Rs 5,973 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 January delivery fell by Re 1, or 0.02 per cent, to Rs 5,973 per five quintal in 6,090 lots.

However, guar gum for February delivery was trading flat at Rs 6,050 per five quintal in 48,070 lots.

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