Guar gum futures fall on low demand

NEW DELHI: Guar gum prices on Thursday fell Rs 4 to Rs 6,250 per five quintal in futures market as traders offloaded their holdings in line with a weak trend at the spot market.

On the National Commodity and Derivatives Exchange, guar gum for March delivery fell by Rs 4, or 0.06 per cent, to Rs 6,250 per five quintal in 53,535 lots.

Guar gum for April delivery traded flat at Rs 6,317 per five quintals in 4,770 lots.

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