Guargum prices were up by Rs 260 to Rs 16,010 per quintal in future trading today as speculators enlarged positions, driven by strong export demand.
Marketmen said pick up in export demand amid thin supplies in physical markets, influenced guargum prices at futures trade here.
At the National Commodity and Derivatives Exchange, guargum prices for delivery in far-month October contracts shot up by Rs 260, or 1.65 per cent to Rs.16,010 per quintal, clocking an open interest of 4,238 lots.
On the similar lines, most-active August month contracts rose by Rs 140, or 0.93 per cent to Rs 15,120 per quintal, having an open interest of 12,503 lots.
