Guar Seed Futures Rise on Spot Demand - PTI
Feb 13, 2024 14:43
Guar seed futures prices rose on Tuesday in futures trade, driven by firm spot market trends and thin supplies from growing belts. Read more about the price increase and market trends.
New Delhi, Feb 13 (PTI) Guar seed prices on Tuesday rose Rs 33 to Rs 5,162 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 February delivery rose Rs 33, or 0.64 per cent, to Rs 5,162 per 10 quintals with an open interest of 12,420 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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