New Delhi, May 30 (PTI) Guar gum prices fell 0.80 per cent to Rs 7,908 per quintal in futures trade today after speculators preferred to book profits at current levels amid weak cues from the physical markets. Also Read - Subsidy on Canteen Food Served in Parliament Ends; Lok Sabha To Save Rs 8 Crore Per Year
At the National Commodity and Derivatives Exchange, the most-active July month contracts of guar gum moved down by Rs 64 or 0.80 per cent to Rs 7,908 per quintal, with a business turnover of 32,325 open lots. Also Read - 'Do Not Take Covaxin If...': Bharat Biotech Issues Fact-Sheet Amid Concerns Over Side-Effects
Likewise, the June contracts slipped by Rs 61 or 0.78 per cent to Rs 7,804 per quintal, in an open interest of 31,315 lots. Also Read - Disha Patani Rocks Bodycon Dresses Better Than Anyone Else, These Instagram Pics Are Proof!
Analysts attributed the fall to profit-booking by investors at existing levels coupled with weak cues from the spot markets largely on increased supplies of guar seed from growing belts against fall in export demand.
This is published unedited from the PTI feed.