Guar gum futures up on export demand

Guar gum prices rose by Rs 16 to Rs 8,850 per five quintals in futures trade Thursday amid upbeat export demand at the physical markets.

On the National Commodity and Derivatives Exchange, guar gum for delivery in June contracts was trading higher by Rs 16, or 0.18 per cent, to Rs 8,850 per five quintals, showing an open interest of 53,740 lots.

Besides, the most-active delivery in July contracts was up by Rs 20, or 0.22 per cent, to Rs 8,992 per five quintals, mirroring an open interest of 15,325 lots.