Guargum futures prices today rose by Rs 350 to Rs 17,000 per quintal following short covering by traders on firming physical trend.
Marketmen said restricted supplies and pick up in demand at lower levels in markets mainly enthused the trading sentiment at futures trade.
Besides, rising export demand of guargum also supported the price rise, they said.
Current month July's contract prices also regained by Rs 170, or 0.85%, to Rs 20,170 per quintal in 2,169 lots.
Marketmen said restricted supplies and pick up in demand at lower levels in markets mainly enthused the trading sentiment at futures trade.
Besides, rising export demand of guargum also supported the price rise, they said.
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At the National Commodity and Derivatives Exchange, guargum prices for October contract rose by Rs 350, or 2.01% to Rs 17,000 per quital, with an open interest of 2,063 lots.
Current month July's contract prices also regained by Rs 170, or 0.85%, to Rs 20,170 per quintal in 2,169 lots.