Guar gum goes up in futures trade on export demand

Guar gum prices firmed up by Rs 76 to Rs 8,155 per quintal in futures trading today as participants expanded holdings in sync with firm physical markets amid pick up in export demand.
At the National Commodity and Derivative Exchange, guar gum for delivery in December month improved by Rs 76 or 0.94 per cent to Rs 8,155 per quintal, with an open interest of 60,340 lots.
Guar gum to be delivered this month also increased by Rs 59 or 0.74 per cent to Rs 8,037 per quintal, clocking an open interest of 11,660 lots.
A firm trend at spot markets on strong export demand amid restricted arrivals of guar seed from growing regions supported the futures prices, analysts said.