Guar gum futures fall on low demand

Guar gum prices fell by Rs 30 to Rs 8,240 per five quintal in futures trade on Friday as investors cut their bets in line with weak trend at the physical markets. Marketmen said subdued demand on persistent arrivals from growing belts mainly put pressure on guar gum prices here.

At the National Commodity and Derivatives Exchange, guar gum contracts for September slipped by Rs 30, or 0.36 per cent, to Rs 8,240 per five quintal with an open interest of 26,810 lots. Guar gum for October delivery eased by Rs 40, or 0.48 per cent, to Rs 8,340 per five quintal with an open interest of 41,000 lots.