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Guar gum futures fall on weak spot demand

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Guar gum futures fall on weak spot demand

New Delhi, Nov 26 (PTI) Guar gum prices on Friday fell by Rs 231 to Rs 10,820 per five quintal in futures trade as traders offloaded their positions in line with a weak trend at the spot market.

On the NCDEX, guar gum for delivery in December fell by Rs 231, or 2.09 per cent, to Rs 10,820 per five quintal in a business turnover of 37,260 lots.

Market analysts said fall in demand at the spot market and increased supply from producing regions put pressure on guar gum futures.

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