Guargum futures up Rs 190 per on rising spot demand

Guargum rose by Rs 190 to Rs 8,330 per quintal in futures trade today after participants enlarged positions, tracking firming spot market.
At the National Commodity and Derivatives Exchange, guargum for delivery in December climbed by Rs 190, or 2.33 per cent to Rs 8,330 per quintal, clocking an open interest of 506 lots.
Also, commodity for delivery in October surged Rs 160, or 2.03 per cent to Rs 8,060 per quintal, showing an open interest of 16,775 lots.
Marketmen said a firming spot demand amidst less arrivals, mainly supported the upside in guargum prices in futures trade.
Furthermore, pickup in export demand buoyed trading sentiments, they quoted.