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Mumbai: Guar seed and Guar gum futures has gone up in the first half on National Commodity and Derivatives Exchange on July 20.
Fresh buying at the lower levels on the back of firm fundamentals lifted Guar futures. A projected fall in the output and delayed sowing activities further supported short covering in Guar futures.
The July delivery of Guar seed improved Rs 37.00 and quoted at Rs 1,922.00 a quintal. The contract had opened the day lower at Rs 1,852 against the previous close at Rs 1,885 a quintal. August delivery moved up Rs 39.00 and traded at Rs 1,968 a quintal. The volume in the July and August contract stood at 250 and 21,780 tons.
Guar gum July futures gained Rs 45.00 and traded at Rs 4,011 a quintal. The contract opened the day higher at Rs 4,.31 against the previous settlement of Rs 3,966 a quintal. August delivery scaled up Rs 71.00 and traded at Rs 4,111 a quintal. The volume in the July and August contract stood at 20 and 585 tons.
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