Guargum futures remain weak; down Rs 130 per quintal

Guargum fell by Rs 130 to Rs 8,100 per quintal in futures trading today as participants trimmed positions in tandem with subdued trend in overseas markets.
In addition, a weak trend in the physical markets induced sentiments.
Marketmen attributed fall in guargum prices to a subdued trend at the domestic spot market amid weak global cues.
At the National Commodity and Derivatives Exchange, guargum prices for delivery in December slipped further by Rs 180, or 2.17 per cent to Rs 8,100 per quintal, having an open interest of 362 lots.
Also, the most-active delivery in October dropped by Rs 70, or 0.88 per cent to Rs 7,840 per quintal, having an open interest of 17,556 lots.