Guar gum prices were down by 0.55 per cent to Rs 9,248 per quintal in futures trade Friday after participants cut down their holdings amid profit-booking.
Marketmen said off-loading of holdings by participants at current levels amid subdued export demand for oil drilling industries, weighed on guar gum prices in futures trade here.
Besides, ample stocks of guar seed on relentless supplies from growing belts against easing demand from guar gum makers in the spot markets too negatively impacted sentiments, they added.
At the National Commodity and Derivatives Exchange, guar gum for the most-active delivery in October contracts fell by Rs 51, or 0.55 per cent, to Rs 9,248 per quintal, with an open interest of 52,090 lots.
Guar gum for delivery in November contracts also quoted lower by Rs 41, or 0.44 per cent, to Rs 9,367 per quintal with an open interest of 9,710 lots.
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