Guar gum futures up on strong export demand

Guar gum prices rose by Rs 22 to Rs 8,425 per 5 quintals in futures trade Friday on strong export demand at the physical market.

On the National Commodity and Derivatives Exchange, guar gum contracts for June delivery traded higher by Rs 22, or 0.26 per cent, at Rs 8,425 per 5 quintals, showing an open interest of 10,975 lots.

Guar gum contracts for July delivery were also up by Rs 19, or 0.22 per cent, to Rs 8,550 per 5 quintals, mirroring an open interest of 54,850 lots.