NEW DELHI, Oct 26: Guar gum prices retook by Rs 49 to Rs 7,966 per quintal in future trade today after fresh accumulation made by operators, powered by rising physical markets and export demand.
Market players said fall in supplies from producing belts amid pick up in demand for export in spot markets encouraged traders to build up fresh positions, which assessed uptrend in guar gum futures prices.
At the National Commodity and Derivative Exchange counter, guar gum delivery for the most active November recovered by Rs 49 or 0.62 percent to Rs 7,966 per quintal, clocking an open interest 41,580 lots.
Similarly, the delivery for the December month contract revived by Rs 49 or 0.61 percent to Rs 8,115 per quintal, with the business turnover of 25,155 open lots. (PTI)
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