Guar gum futures recover on short-covering

NEW DELHI, May 31: Guar gum prices edged higher by Rs 26 to Rs 7,680 per quintal in futures trade today on the back of short-covering by participants.
Marketmen said apart from short-covering by speculators at existing levels, pause in supplies against pick up in offtake in spot markets, supported the upside in guar gum prices at futures trade here.
At the National Commodity and Derivatives Exchange, guar gum for the most-traded delivery in July contracts improved by Rs 26, or 0.34 per cent, to Rs 7,680 per quintal with an open interest of 36,915 lots.
Guar gum for delivery in June rose by Rs 23, or 0.30 per cent, to Rs 7,574 per quintal with an open interest of 27,025 lots. (PTI)