Guar gum futures rise 0.80 pc on export demand

Guar gum prices rose 0.80 per cent to Rs 7,535 per quintal in futures market today as speculators built up fresh positions, driven by rising export demand at the spot market.

In futures trading at the National Commodity and Derivatives Exchange, guar gum for delivery in June month went up by Rs 60, or 0.80 per cent to Rs 7,535 per quintal with an open interest of 3,635 lots.

Similarly, guar gum for delivery in July contract gained Rs 56, or 0.74 per cent to Rs 7,600 per quintal in 57,065 lots.

Marketmen attributed the rise in guar gum futures to pick up in export demand in the physical markets.