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Guar gum futures fall on low demand

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New Delhi: Guar gum costs on Tuesday fell Rs 43 to Rs 6,045 per 5 quintal in futures market as merchants offloaded their holdings in keeping with weak development at spot market. On the National Commodity and Derivatives Exchange, guar gum for October supply fell by Rs 43, or 0.71 per cent, to Rs 6,045 per 5 quintal in 3,695 tons.

Guar gum for November supply decreased by Rs 36, or 0.58 per cent to Rs 6,120 per 5 quintal in 47,310 tons.

Marketmen mentioned slackness in demand within the spot market and elevated provides from rising areas put strain on guar gum costs.

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