Guar gum futures ease on low demand

New Delhi, Mar 24 () Guar gum prices on Tuesday slumped 1.78 per cent to Rs 4,810 per five quintal in futures market as speculators offloaded their holdings in line with weak trend at the spot market.

On the National Commodity and Derivatives Exchange, guar gum for April delivery fell by Rs 87, or 1.78 per cent, to Rs 4,810 per five quintal in 37,280 lots.

Guar gum for May delivery eased by Rs 72, or 1.46 per cent, to Rs 4,864 per five quintal in 12,935 lots.

Marketmen said slackness in demand in the spot market and increased supplies from growing regions mainly exerted pressure on guar gum prices. VHP SHWSHW

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

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