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Guar gum futures fall on lower demand

Press Trust of India  |  New Delhi 

gum prices fell by Rs 114 to Rs 9,110 per 5 in futures Wednesday on liquidated holdings by the operators in line with weak physical trend.

Marketmen attributed the downward trend in gum prices to thin demand and increasing supplies from growing regions in the spot

At the National Commodity and Derivatives Exchange, gum for May contracts slipped by Rs 114, or 1.24 per cent, to Rs 9,110 per 5 with an open interest of 2,630 lots.

Also, delivery for June contracts fell by Rs 128, or 1.37 per cent, to Rs 9215 per 5 quintal, while open interest stood at 70,380 lots.

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

First Published: Wed, April 03 2019. 14:15 IST