Guar gum futures fall on weak spot cues

Guar gum prices fell by Rs 137 to Rs 9,745 per quintal in futures trade today as investors cut down their positions, triggered by a weak trend at the physical markets amid slackness in exports demand.

Marketmen attributed the fall in guar gum futures prices to a weak trend in the spot markets coupled with a fall in exports demand.

At the National Commodity and Derivatives Exchange, guar gum for the most-traded delivery in October dropped by Rs 137, or 1.39 percent, to Rs 9,745 per quintal with an open interest of 64,095 lots.

Guar gum for delivery in far-month November was trading lower by Rs 116, or 1.16 percent, to Rs 9,860 per quintal, in an open interest of 3,125 lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)