Guar Seed Futures Surge on Spot Demand - PTI
Jun 11, 2024 15:55
Guar seed futures prices rose on Tuesday due to increased demand in the spot market, driven by tight supplies and speculation. Learn more about the market trends.
New Delhi, Jun 11 (PTI) Guar seed prices on Tuesday rose Rs 44 to Rs 5,337 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 44 or 0.82 per cent to Rs 5,337 per 10 quintals with an open interest of 15,010 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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