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Guar gum futures up by Rs 36 per quintal

Press Trust of India  |  New Delhi 

Guar gum prices were higher by Rs 36 to Rs 7,870 per quintal in futures trading today as traders enlarged their bets in tune with emerging spot markets.

Market players attributed the uptick in guar gum prices here in futures trading to short supplies from producing regions and rising demand.

Besides, pick up in export demand too influenced guargum prices in futures trade.

At the National Commodity and Derivative Exchange, guar gum for delivery in far-month July contract improved by Rs 36 or 0.46 per cent to Rs 7,870 per quintal, in an open interest of 6,830 lots.

On similar lines, guargum for most-traded delivery in June month contracts was trading higher by Rs 33 or 0.43 per cent to Rs 7,735 per quintal, having an open interest of 49,605 lots.

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

First Published: Thu, May 18 2017. 16:48 IST