Guar gum futures up on rising demand

Guar gum prices rose by Rs 125 to Rs 8,929 per quintal in futures trade Monday amid upbeat export demand in the physical markets.

At the National Commodity and Derivatives Exchange, guar gum for delivery in January next year was trading lower by Rs 125 or 1.42 per cent to Rs 8,929 per quintal, showing an open interest of 29,005 lots.

The delivery for the most-active February contracts, too, was up by Rs 120 or 1.34 per cent to Rs 9,069 per quintal, mirroring an open interest of 36,160 lots.