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Guar gum futures fall on tepid demand

Press Trust of India  |  New Delhi 

Guar gum prices on Wednesday fell by Re 1 to Rs 7,234 per five quintal in futures trade as investors cut their bets following weak trend in physical market.

Marketmen said subdued demand on persistent arrivals from growing belts mainly exerted pressure on guar gum prices here.

On the National Commodity and Derivatives Exchange, guar gum contracts for December declined by Re 1, or 0.01 per cent, to Rs 7,234 per five quintal with an open interest of 17,730 lots.

Guar gum contracts for January delivery eased by Rs 5, or 1.07 per cent, to Rs 7,334 in 50,355 lots.

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

First Published: Wed, December 04 2019. 13:55 IST