Strong export demand influenced guargum prices as well.
Marketmen said speculative positions built up by traders, driven by strong domestic as well as export demand, helped guargum hit upper circuit by surging 4 per cent.
At the National Commodity and Derivatives Exchange, guargum delivery November contracts spurted Rs 320, or 4 per cent, to hit upper limit at Rs 8,330 per quintal, with an open interest of 13,155 lots.
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