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Guar gum futures spurt on spot cues, export demand

Press Trust of India  |  New Delhi 

gum prices firmed up by Rs 151 to Rs 9,753 per in futures trade today as participants built up positions on the back of rising trend in spot markets following strong

At the National Commodity and Derivative Exchange, gum for the most-active delivery in February surged by Rs 151 or 1.57 per cent to Rs 9,753 per quintal, clocking an open interest of 75,790 lots.

The delivery fin January shot up by Rs 138 or 1.46 per cent to Rs 9,620 per quintal, in an open interest of 6,245 lots.

Marketmen said building up of positions by participants, tracking a firm trend at the spot markets on amid paucity of stocks due to halt in supplies of seed from growing regions, led to rise in gum prices at futures trade here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 12:55 IST