Guar gum futures decline on profit-booking

Guar gum prices were trading down by Rs 83 to Rs 7,689 per quintal in future trading today following fresh offloading of positions by participants amid a subdued trend at the spot markets.
Marketmen said the fall in guar gum prices in futures trade was mostly due to offloading of positions by participants, tracking a weak trend at the physical market following withdrawal of demand from consuming industries.
At the National Commodity and Derivatives Exchange, guar gum to delivery in July slipped Rs 53, or 0.68 per cent, to Rs 7,760 per quintal, clocking an open interest of 22,190 lots.

Guar gum for delivery this month also moved down by Rs 49, or 0.64 per cent, to Rs 7,624 per quintal, depicting an open interest of 34,190 lots.