Guar gum futures fall on low demand

Guar gum prices on Thursday fell by Rs 89 to Rs 8,635 per five quintals in the futures market as traders offloaded their holdings in line with a weak trend in the spot market.

On the National Commodity and Derivatives Exchange, guar gum for September delivery declined by Rs 89 or 1.03 per cent to Rs 8,635 per five quintals in 30,535 lots.

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