Guar gum prices recovered by Rs 23 to Rs 8,132 per quintal in futures trade today as participants accumulated fresh positions amid a firm trend at the physical markets on rising export demand.
Marketmen said, rise in guar gum prices in futures trade was mostly attributed to building up of fresh positions in tandem with a firm trend at the spot markets on the back of export demand and limited supplies of guar seed.
At the National Commodity and Derivatives Exchange, guar gum for the most-traded delivery in June rose by Rs 23, or 0.28 per cent, to Rs 8,132 per quintal, clocking an open interest of 36,375 lots.
Also, delivery in July was trading higher by Rs 19, or 0.23 per cent, to Rs 8,240 per quintal, persisting an open interest of 27,490 lots.
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