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Guargum futures surge as export demand picks up

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Press Trust of India New Delhi
Last Updated : Mar 28 2017 | 1:07 PM IST
Guargum prices spurted by Rs 93 to Rs 7,899 per quintal in futures trading today as participants widened bets on the back of rising export demand.
Marketmen said a boost in export demand at existing levels mainly supported the upside in prices here in future trading.
At the National Commodity and Derivative Exchange, guargum delivery for the May month contract advanced by Rs 93, or 1.19 per cent, to Rs 7,899 per quintal, in an open interest of 27,075 lots.
Guargum for delivery in April month contract also rose by Rs 75, or 0.98 per cent, to Rs 7,749 per quintal and open interest stood at 40,490 lots.

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First Published: Mar 28 2017 | 1:07 PM IST

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