Guargum futures fall

Guargum prices were down by Rs 90 to Rs 7,880 per quintal in futures trading today as traders were seen trimming, tracking weak global as well as spot market cues.
Marketmen said persistent supplies from growing regions, sparked by slackened buying by guargum makers in spot markets, mainly brought down the guargum prices.
Furthermore, rising inventories and sluggish export demand weighed on prices, they added.
At the National Commodity and Derivatives Exchange platform, guargum prices for most-active delivery in October dipped by Rs 90, or 1.13 per cent to Rs 7,880 per quintal, open interest was standing at 17,335 lots.

Similarly, second contract November month delivery also dropped by Rs 80, or 0.99 per cent to Rs 8,020 per quintal, in an open interest of 15,5430 lots.