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Guar gum futures ease on low demand

Press Trust of India  |  New Delhi 

gum prices fell by Rs 34 to Rs 8,945 per 5 in futures trade Thursday on trimming of bets by traders in line with subdued physical markets lead.

Marketmen said seed futures declined due to soaring stock on continuous supplies from growing belts.

On the National Commodity and Derivatives Exchange, gum delivery for June contracts fell by Rs 34, or 0.38 per cent, to Rs 8,945 per 5 quintal, depicting an open interest of 60,090 lots.

Similarly, the seed for delivery in July contracts 35, or 0.38 per cent, to Rs 9,085 per 5 in an open interest of 8,110 lots.

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

First Published: Thu, May 16 2019. 14:41 IST