Guar gum futures fall on low demand

New Delhi, Jul 23 (PTI) Guar gum prices on Tuesday dropped Rs 112 to Rs 10,717 per quintal in the futures market as traders offloaded their holdings in line with a weak trend in the spot market.

On the National Commodity and Derivatives Exchange, guar gum for August delivery fell Rs 112 or 1.05 per cent to Rs 10,717 per quintal in 45,780 lots.

Marketmen said slackness in demand in the spot market and ample supplies from growing regions put pressure on guar gum prices. PTI SGC DR