Guar gum futures fall on profit-taking

NEW DELHI, May 5: Guar gum prices slipped by Rs 63 to Rs 8,215 per quintal in futures trade today as operators interested in offloading holdings in the wake of lower physical markets cues amid weakening export demand.
Market players attributed the downfall in guar gum futures prices to cutting down bets by the participants in tune with weak physical markets dampened by slackness in export demand at higher levels.
At the National Commodity and Derivatives Exchange, guar gum delivery for the first contract May declined by Rs 63, or 0.76 per cent, to Rs 8,215 per quintal with an open interest of 24,490 lots.
Likewise, the delivery of the most active June contract went down by Rs 52, or 0.62 per cent, to Rs 8,332 per quintal with an open interest of 41,690 lots. (PTI)