Guar gum prices fell by Rs 177 to Rs 9,955 per quintal in futures trade today on heavy liquidation made by speculators, pressurised by subdued physical trend amid weak export demand.
Marketmen said falling prices in the spot market due to lower export demand for oil drilling industries due to fall in crude oil prices reflected a weak trend in guar gum prices here in futures prices.
Besides, mounting of stocks on increased supplies of guar seed from growing regions in spot market also weighed on futures prices, they added.
At the National Commodity and Derivative Exchange, guar gum delivery in March month fell by Rs 177, or 1.75 per cent, to Rs 9,955 per quintal with a business turnover of 70,505 open lots.
Likewise, the delivery of February contracts also dropped by Rs 168, or 1.68 per cent, to Rs 9,820 per quintal with an open interest of 7,580 lots.
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