Guar Gum futures decline 1.16% on weak demand and ample supplies

India, Oct. 13 -- Guar gum futures prices fell by Rs 181, or 1.16%, to Rs 15,440 per quintal on Tuesday amid weak spot market demand and increased selling by market participants.

On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for November delivery declined to Rs 15,440 per quintal, with an open interest of 76,200 lots.

Market participants attributed the decline to subdued demand in the spot market and ample supplies from major growing regions.

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