Guar gum futures slipped 0.27% on Monday as weak demand in the spot market and ample supplies from producing regions weighed on prices.

On the National Commodity and Derivatives Exchange (NCDEX), July guar gum contracts fell by Rs 31 to Rs 11,283 per quintal, with an open interest of 52,660 lots.

Market participants attributed the decline to subdued spot demand and adequate supplies from key growing regions, prompting traders to reduce their positions.