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Guar gum futures rise on fresh export demand

Press Trust of India  |  New Delhi 

gum prices rose 1.02 per cent to Rs 9,040 per in futures trading today on accumulation of holdings by participants amid rising export demand.

Market players said besides low buying by investors, robust sentiment in spot markets owing to pick up in export demand mainly impacted gum futures prices.

At the National Commodity and Derivatives Exchange, gum delivery for the most traded second contract April month jumped Rs 91 or 1.02 per cent to Rs 9,040 per quintal, showing an open interest of 63,455 lots.

In a similar way, the delivery of the immediate contract March month spurted Rs 80 or 0.90 per cent to Rs 8,941 per quintal, with open interest of 8,360 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 12:05 IST