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Guar gum futures slump 1 pc on low demand

Press Trust of India  |  New Delhi 

Guar gum prices on Wednesday slipped Rs 80 to Rs 7,975 per five quintal in futures trade as investors cut their bets following weak trend in physical markets.

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

On the National Commodity and Derivatives Exchange, guar gum contracts for November declined by Rs 80, or 0.99 per cent, to Rs 7,975 per five quintal with an open interest of 10,105 lots.

Contracts for December delivery eased by Rs 89, or 1.

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

First Published: Wed, November 06 2019. 13:45 IST