Guar Seed Futures Rise on Spot Demand
On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery increased Re 1 or 0.02 per cent to Rs 5,366 per quintal with an open interest of 64,685 lots.
According to marketmen, speculators raising bets, 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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