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Guar gum futures decline on weak export demand

Press Trust of India  |  New Delhi 

gum prices weakened by Rs 73 to Rs 9,715 per in futures trade today as speculators cut bets in tune with subdued physical market cues amidst weak export demand.

Market players said traders were cutting down portfolios under pressure of falling prices in the spot market due to sluggish export demand from because of falling

At the National Commodity and Derivative Exchange, gum delivery for March contracts dropped by Rs 73, or 0.75 per cent, to Rs 9.715 per in an open interest of 76.215 lots.

Likewise, the delivery for the February contracts declined Rs 51, or 0.53 per cent, to Rs 9,620 per quintal, clocking open interest of 805 lots.

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

First Published: Wed, February 14 2018. 11:55 IST