Guar gum futures extend gains, up Rs 91 per quintal

Continuing its rising streak for yet another day, guar gum prices rose by Rs 91 to Rs 9,292 per quintal in futures trade today as operators raised bets amid a firm trend at the physical markets on export demand.
Marketmen said building up of positions by participants amid tight stocks on restricted supplies from growing belts in the markets, led to the rise in guar gum prices at futures trade here.
Besides, strong export demand too supported the upside in guar gum futures prices, they added.
At the National Commodity and Derivative Exchange, guar gum to be delivered in March month contracts flared up by Rs 91, or 0.99 per cent, to Rs 9,292 per quintal, in an open interest of 32,805 lots.

Likewise, the delivery of the most-traded April contracts up by Rs 91, or 0.98 per cent, to Rs 9,410 per quintal with an open interest of 43,255 lots.