Guar futures in NCDEX rose on firm physical market and good export demand from China and the U.S. for industrial guar gum. India's guar gum exports for the year ended March 2008 was estimated to have risen about 6 percent on year to 200,000 tonnes.
However, fresh, tighter European Union (EU) norms raise concerns over Indian guar gum exports. The EU has sought endorsement from an Indian government trade body in addition to a laboratory certificate establishing guar gum exports are free from toxin contamination.
Spot prices up by 23 rupees to 1,838 from 1,815 rupees per 100 kg, in Jodhpur, a major trading centre.
The most-active September guar seed futures opened at 1908 rupees, has moved in the range of 1908 – 1940, and last traded at 1,927 rupees per 100 kg, up 1.42 percent. At 13.45 IST
