Guar gum futures gain on spot cues, export demand

Guar gum prices firmed up by Rs 109 to Rs 9,780 per quintal in futures trade today on buying by investors amid rising physical market trend backed up by robust export demand.
Market players said halt in supplies of guar seed from growing regions at prevailing levels in spot markets buoyed by gearing up in export demand for oil drilling industries pushed up guar gum futures prices.
At the National Commodity and Derivative Exchange, guar gum delivery for April contracts hardened by Rs 109 or 1.13 per cent to Rs 9,780 per quintal, with an open interest of 13,225 lots.

The delivery for March contracts also rose by Rs 98 or 1.03 per cent to Rs 9,640 per quintal with an open interest of 63,090 lots.