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Guar gum futures decline on thin export demand

Press Trust of India  |  New Delhi 

gum prices fell by Rs 44 to Rs 8,415 per in futures trade today on as investors liquidated bets in line with a weak physical trend amid muted export demand.

players said traders were cutting their exposures in view of subdued physical markets, coupled with weak export demand from oil drilling industries, which led to the fall in gum futures prices.

At the National Commodity and Derivatives Exchange, gum delivery for the July contract eased by Rs 44, or 0.52 per cent, to Rs 8,415 per with an open interest of 13,150 lots.

Also, the delivery of the most active October contract dropped by Rs 31, or 0.35 per cent, to Rs 8,730 per with an open interest of 50,235 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 13:20 IST