Guar gum futures ease on profit selling

Guar gum prices softened by Rs 12 to Rs 8,155 per quintal in futures trade today on sprouting of selling by speculators on higher levels dampened by weak physical markets sentiment.
Marketmen said besides profit booking by operators, pick- up in supplies and slackness in demand for guar gum makers at spot markets influenced trading pattern in guar gum future prices.
At the National Commodity and Derivative Exchange counter, guar gum delivery for the most active November month slipped by Rs 12 or 0.15 per cent to Rs 8,155 per quintal, in an open interest of 38,560 lots.
In a similar manner, the delivery for the October month eased by Rs 10 or 0.12 per cent to Rs 8,000 per quintal, showing an open interest of 16,240 lots.