New Delhi, May 29 (PTI) Guar gum prices recovered by Rs 23 to Rs 8,132 per quintal in futures trade today as participants accumulated fresh positions amid a firm trend at the physical markets on rising export demand. Also Read - PAK vs SA 2021: South Africa Not Easy to Beat But Pakistan Banking on Home Advantage, Says Coach Misbah-ul-Haq
Marketmen said, rise in guar gum prices in futures trade was mostly attributed to building up of fresh positions in tandem with a firm trend at the spot markets on the back of export demand and limited supplies of guar seed. Also Read - Coronavirus Vaccine Drive Hallmark For Self-reliant India: BJP Leaders Hail PM Modi's Mega Rollout Plan
At the National Commodity and Derivatives Exchange, guar gum for the most-traded delivery in June rose by Rs 23, or 0.28 per cent, to Rs 8,132 per quintal, clocking an open interest of 36,375 lots. Also Read - India Kicks Off World's Largest Vaccination Drive Against COVID-19 | Here's a Look at The Numbers
Also, delivery in July was trading higher by Rs 19, or 0.23 per cent, to Rs 8,240 per quintal, persisting an open interest of 27,490 lots.
This is published unedited from the PTI feed.