The decrease in the prices of guar gum in the futures market, which occurred by Rs 46 to Rs 8,473 per quintal, is a strategic response from traders who are liquidation their holdings. This response is motivated by a prevalent decline in the dynamics of the spot market.

A fall of Rs 46, which is equivalent to a decline of 0.54%, was observed in the price of guar gum for December delivery on the NCDEX. The price ultimately settled at Rs 8,473 per quintal, which was distributed among 43,685 lots.

The players in the market have noted that the prices of guar gum have been depressed as a result of a decrease in demand within the spot market, in conjunction with an abundance of supplies coming from locations that produce the gum.