Guar gum futures fall on low demand

NEW DELHI: Guar gum prices on Wednesday fell Rs 13 to Rs 7,529 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 August delivery fell by Rs 13, or 0.17 per cent, to Rs 7,529 per five quintal in 5,045 lots.

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