Guar gum futures up Rs 85 per quintal

Guar gum prices went up by Rs 85 to Rs 8,920 per quintal in futures trade today on strong overseas as well as domestic demand.
Heavy export demand due to rising prices of crude oil mainly led to rise in guar gum futures prices, analysts said.
At the National Commodity and Derivative Exchange, the most-active October month contract of guar gum spurted by Rs 85 or 0.96 per cent to Rs 8,920 per quintal, having an open interest of 45,585 lots.
The November contract hardened by Rs 80 or 0.89 per cent to Rs 9,040 per quintal, in an open interest of 6,140 lots.

Prices firmed up at physical markets due to thin arrivals of guar seed from growing regions and acceleration in offtake by makers, analysts said.