Guar Seed Futures Surge on Spot Demand - PTI
Feb 14, 2024 16:15
Guar seed futures prices rose on Wednesday due to firm spot market demand and thin supplies, with speculators increasing their positions. Read more.
New Delhi, Feb 14 (PTI) Guar seed prices on Wednesday rose Rs 54 to Rs 5,216 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 54, or 1.04 per cent, to Rs 5,216 per 10 quintals with an open interest of 6,570 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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