Guar gum prices recovered by Rs 84 to Rs 7,941 per quintal in futures trading today after participants covered-up short positions at prevailing lower levels amid a firm trend at the physical markets.
Marketmen said besides covering up of short positions by speculators, pick up in demand and tight supplies in the spot markets supported the rise in guar gum prices at futures trade here.
At the National Commodity and Derivatives Exchange, guar gum for delivery in May was trading higher by Rs 84, or 1.07 per cent, to Rs 7,941 per quintal, with a business turnover of 17,635 lots.
Guar gum for delivery in June also recovered by Rs 83, or 1.04 per cent, to Rs 8,075 per quintal, in an open interest of 38,415 lots.
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