Guar gum futures remain low on spot cues

Guar gum prices remained lower for the second day and further lost Rs 89 to Rs 8,325 per quintal in futures trade today as participants indulged in offloading holdings in sync with weak sentiments at the domestic physical markets.
Marketmen said continuous reduction of bets by participants in line with subdued spot markets trend, mainly kept guar gum prices in the negative zone in futures trade here.
In addition, muted export demand weighed on prices, they added.
At the National Commodity and Derivatives Exchange counter, guar gum for delivery in November dipped by Rs 89, or 1.06 per cent, to Rs 8,325 per quintal, with an open interest of 11,420 lots.

Likewise, the delivery for October dropped by Rs 78, or 0.94 per cent, to Rs 8,210 per quintal, having an open interest of 43,040 lots.