Guar Seed Futures Rise on Spot Demand - PTI
Dec 19, 2023 15:26
Guar seed futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to increased speculator interest and strong spot market demand. Learn more.
New Delhi, Dec 19 (PTI) Guar seed prices on Tuesday rose Rs 23 to Rs 5,318 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery rose Rs 23 or 0.43 per cent to Rs 5,318 per 10 quintals with an open interest of 990 lots.
According to marketmen, speculators raised bets, tracking a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.
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