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Guar Gum Futures Surge on Strong Spot Market Demand
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News18•05-10-2026, 14:00
Guar Gum Futures Surge on Strong Spot Market Demand
- •Guar gum prices increased by Rs 151 to reach Rs 13,518 per quintal in futures trade.
- •The price hike was driven by speculators scaling up their holdings amid firm spot demand.
- •November delivery contracts on the National Commodity and Derivatives Exchange rose by 1.13 per cent with an open interest of 47,435 lots.
Key Questions Answered
Guar gum futures prices increased as speculators raised their holdings and bets due to firm spot and physical market demand.
Guar gum contracts for November delivery increased by Rs 151, or 1.13 percent, reaching Rs 13,518 per quintal on the National Commodity and Derivatives Exchange.
The open interest for the guar gum futures contracts stood at 47,435 lots.