India, June 16 -- Guar gum prices moved higher in futures trade on Tuesday as traders increased their positions amid firm demand in the physical market.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum contracts for July delivery rose Rs 34, or 0.30%, to Rs 11,392 per quintal, with an open interest of 63,875 lots.
According to market analysts, strong demand in the spot market encouraged traders to build fresh positions, supporting gains in guar gum futures prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....