NCDEX guar gum down 1% on fall in crude oil prices.

Futures contracts of guar gum on NCDEX fell over 1%, taking cues from global crude oil prices. The most-active May contract of crude oil was down 1.3% from previous close. The June contract was down 1.4%. A fall in prices of crude oil prices puts pressure on the profit margin of oil drillers, which may hit overseas demand for guar gum- used as a fracking agent in oil exploration.