New Delhi, Feb 15 (PTI) Guar gum prices recovered Rs 111 to Rs 9,606 per quintal in futures trade today as participants picked up fresh positions at existing levels amid fresh export demand.
Market players said besides short covering by speculators, restricted arrivals of guar seed from growing regions in spot markets, sparked by gearing up in export demand for oil drilling industries, brought the upsurge in futures prices.
At The National Commodity and Derivative Exchange, guar gum delivery for February contracts recovered Rs 111, or 1.17 per cent, to Rs 9,606 per quintal with a business turnover of 73,465 open lots.
The delivery for March contracts also rose Rs 96, or 1 per cent, to Rs 9,740 per quintal with an open interest of 4,740 lots.
This is published unedited from the PTI feed.