Guar gum futures decline on muted export demand

Guar gum prices slipped by Rs 32 to Rs 8,139 per quintal in futures trade today on liquidation of holdings by the investors, driven by lower physical markets amid slackness in export demand.

Market players said, investors were offloading holdings in view of falling prices at the spot markets due to tepid export demand for oil drilling industries, which reflected downfall in guar gum futures prices.

At the National Commodity and Derivatives Exchange , guar gum delivery for July slipped by Rs 32 or 0.39 per cent to Rs 8,139 per quintal, with an open interest of 29,215 lots.

Likewise, the delivery for August declined by Rs 21 or 0.25 per cent to Rs 89,460 per quintal, having an open interest of 32,495 lots.

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

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