Guar seed futures jump on strong physical demand

Guar gum prices bolstered by Rs 24.50 to Rs 3,628 per quintal in futures trading today following heavy accumulation by the participants boosted by rising demand in physical markets for the commodity.
Market players said the upsurge in guar seed futures to brisk demand for the commodities from guar gum makers in spot markets.
At the National Commodity and Derivative Exchange counter, guar seed delivery for November flared up by Rs 24.50 or 0.68 percent to Rs 3,628 per quitanl, having an open interest of 8,770 lots.
The delivery for the most traded December also rose by Rs 14 or 0.38 per cent to Rs 3,719 per quintal, persisting an open interest of 1,23,650 lots.