Mumbai - Guar seed and guar gum futures were trading slightly higher amid continued short covering on the National Commodity and Derivatives Exchange [NCDEX] Saturday.

Meanwhile, a similar firm trend was witnessed yesterday in leading spot markets of Rajasthan and Haryana.

Demat stock of guar seed at the NCDEX warehouse, as of Dec.18 was 44,307 tonnes, while 1,722 tonnes were in process. For guar gum, demat stocks were at 5,702 tonnes and 20 tonnes in process. The MCX warehouses were stacked up with 2,458 tonnes of guar seed as on Dec.20

On NCDEX, Guar seed Jan. contract traded higher by Re.1 at Rs.1,676 per quintal. Volume traded so far for Jan. contract was noted at 3,830 tonnes

March contract traded up by Re.1 at Rs.1,766 per quintal while April contract traded at Rs.1,807 per quintal with a gain of Rs.2.

Volume traded for March and April contract was noted at 11,840 tonnes and 2,690 tonnes respectively

On NCDEX, Guar gum Jan. contract traded higher by Rs.13 at Rs.4,218 per quintal. Volume traded for Jan. contract was noted at 10 tonnes.

March contract traded higher by Rs.20 at Rs.4,425 per quintal while April contract traded at Rs.4,510 per barrel with a gain of Rs.18

Total volume traded for March and April contract was noted at 140 tonnes and 30 tonnes respectively.