Mumbai- Guar seed and guar gum futures on National Commodity and Derivatives Exchange [NCDEX] traded higher on Saturday.

There has been persistent buying from guar mills and stockists in spot markets. Meanwhile, on futures counter, speculators for guar futures look more interested in holding better positions in Jan. contract following which it seems that guar prices may see some upside in coming days.

On NCDEX, Guar seed Jan. contract traded at Rs.1,680 per quintal after an increase decline of Rs.6. Volume traded for Jan. contract was noted at 6,290 tonnes

Dec. contract traded higher by Rs.6 at Rs.1,635 per quintal while March contract traded at Rs.1,761 per quintal with a gain of Rs.7. Volume traded for Dec. and March contract was noted at 890 tonnes and 2,330 tonnes respectively

On NCDEX, Guar gum Jan. contract traded at Rs.4,239 per quintal after an increase of Rs.11. Volume traded for Jan. contract was noted at 20 tonnes

Dec. contract edged up by Rs.13 to trade at Rs.4,140 per quintal. Volume traded for Dec. contract was noted at 20 tonnes.

Demat stock at the NCDEX warehouse, as of Dec.05 was 37,954 tonnes, while 1,443 tonnes were in process. For guar gum, demat stocks were at 5,593 tonnes and 20 tonnes in process. The MCX warehouses were stacked up with 2,979 tonnes as on Dec.05.