Guar gum prices on Wednesday dropped by Rs 16 to Rs 7,340 per five quintal in futures market as traders offloaded their positions amid subdued demand.
Marketmen said trimming of positions by participants amid weak demand dragged down guar gum prices here.
On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery slipped by Rs 16, or 0.22 per cent, to Rs 7,340 per five quintal in 11,045 lots.
Guar gum contracts for February delivery eased by Rs 12, or 0.16 per cent, to Rs 7,432 per five quintal in 55,595 lots.