Guar Seed Futures Surge on Spot Demand - PTI
Jun 05, 2024 13:56
Guar seed futures prices rose in India on June 5th due to strong spot demand and thin supplies. Speculators increased their positions, driving the price up.
New Delhi, Jun 5 (PTI) Guar seed prices on Wednesday rose Rs 34 to Rs 5,316 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 June delivery rose Rs 34 or 0.64 per cent to Rs 5,316 per 10 quintals with an open interest of 29,515 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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