Guar gum prices fell by Rs 44 to Rs 8,415 per quintal in futures trade today on as investors liquidated bets in line with a weak physical market trend amid muted export demand.
Market players said traders were cutting their exposures in view of subdued physical markets, coupled with weak export demand from oil drilling industries, which led to the fall in guar gum futures prices.
At the National Commodity and Derivatives Exchange, guar gum delivery for the July contract eased by Rs 44, or 0.52 per cent, to Rs 8,415 per quintal with an open interest of 13,150 lots.
Also, the delivery of the most active October contract dropped by Rs 31, or 0.35 per cent, to Rs 8,730 per quintal with an open interest of 50,235 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
