Guar gum futures remain down

Continuing its slide, guar gum prices fell Rs 59 to Rs 4,676 per quintal in futures trading today as traders liquidated their positions, pressurised by a weak trend at the domestic physical as well as overseas markets.
Market analysts said, offloading of positions by participants in line with weak spot markets where prices were under pressure on regular supplies from growing regions amid fading demand at existing levels, mainly weighed on guar gum prices at futures trade for the second straight day.
Besides, fall in export demand dampened sentiment, they added.
At the National Commodity and Derivatives Exchange platform, guar gum for delivery in June dropped further by Rs 59, or 0.68 per cent, to Rs 8,676 per quintal, in an open interest of 9,120 lots.

Likewise, guargum for delivery in May delivery also declined by Rs 52, or 0.60 per cent, to Rs 8,558 per quintal, clocking an open interest of 45,965 lots.