Guar gum futures rise on upbeat export demand

Guar gum prices rose by Rs 145 to Rs 8,600 per five quintals in futures trade Thursday amid upbeat export demand at physical markets.

On the National Commodity and Derivatives Exchange, guar gum for delivery in June was trading higher by Rs 145, or 1.71 per cent, at Rs 8,600 per five quintals, showing an open interest of 1,445 lots.

Guar gum for July delivery also rose by Rs 59, or 0.69 per cent, to Rs 8,632 per five quintals, mirroring an open interest of 58,155 lots.