Guar gum futures declined Rs 21 to Rs 13,116 per quintal on Wednesday as traders reduced their positions amid subdued conditions in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for October delivery fell Rs 21, or 0.16%, to Rs 13,116 per quintal, with a business turnover of 76,045 lots.
Market participants said weak spot demand and ample supplies from producing regions weighed on guar gum prices.