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Guar gum futures fall nearly 2 pc on sluggish demand

Press Trust of India  |  New Delhi 

Guar gum prices on Monday declined by Rs 134 to Rs 7,319 per five quintal in futures trade as traders offloaded their positions amid subdued demand.

Marketmen said trimming of positions by participants amid weak export demand dragged down guar gum prices here.

On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery slipped by Rs 134, or 1.8 per cent, to Rs 7,319 per five quintal in 22,660 lots.

Guar gum contracts for January delivery eased by Rs 134, or 1.77 per cent, to Rs 7,426 per five quintal in 47,095 lots.

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

First Published: Mon, December 02 2019. 13:25 IST