 "Guargum sheds 1.23% on profit-booking")
Guargum prices fell by Rs 140 to Rs 11,200 per quintal in futures trade today, amid profit-booking by speculators and easing demand at spot market.
Marketmen said profit-booking by speculators after recent gains, attributed fall in guargum prices at futures trade here.
Furthermore, increased arrivals and slowing export demand, weighed on futures trading, they said.
The June contract lost Rs 120, or 1.04 per cent at Rs 11,410 per quintal, in an open interest of 15,618 lots.
Marketmen said profit-booking by speculators after recent gains, attributed fall in guargum prices at futures trade here.
Furthermore, increased arrivals and slowing export demand, weighed on futures trading, they said.
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At the National Commodity and Derivatives Exchange counter, guargum prices for delivery in May slipped by Rs 140, or 1.23 per cent to Rs 11,200 per quintal, with an open interest of 276 lots.
The June contract lost Rs 120, or 1.04 per cent at Rs 11,410 per quintal, in an open interest of 15,618 lots.
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