Guar gum futures fall on low demand

New Delhi, Mar 18 (PTI) Guar gum prices on Monday dropped Rs 158 to Rs 10,174 per five quintals 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 March delivery fell Rs 158 or 1.55 per cent to Rs 10,174 per five quintals in 45,965 lots.

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