Guar gum futures fall on weak spot demand


New Delhi, Jan 13 (PTI) Guar gum prices on Thursday fell by Rs 44 to Rs 11,700 per five quintal in futures trade as traders cut their positions in line with a weak trend at the spot market.

On the NCDEX, guar gum for delivery in January fell by Rs 44, or 0.37 per cent, to Rs 11,700 per five quintal in a business turnover of 2,075 lots.

Market analysts said weak demand in the spot market and increased supplies from producing regions kept pressure on guar gum futures at futures trade.