Guar gum prices registered a fall of Rs 26 at Rs 8,893 per quintal in futures trade today after investors cut bets in view of muted export demand.
Market players attributed the continuous fall in guar gum prices to weakening of export demand for oil drilling industries amid increased supplies from growing regions in spot markets.
At the National Commodity and Derivative Exchange, guar gum delivery for April contracts fell by Rs 26, or 0.29 per cent, to Rs 8,893 per quintal with an open interest of 61,405 lots.
The commodity for delivery in May contracts also edged down by Rs 23, or 0.25 per cent, to Rs 9,000 per quintal with an open interest of 7,555 lots.
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