Guar Seed Futures Surge on Spot Demand | PTI
Apr 18, 2024 15:47
Guar seed futures prices climbed on Thursday due to strong spot demand and tight supplies, driven by speculator activity. Read more on the price surge.
New Delhi, Apr 18 (PTI) Guar seed prices on Thursday rose Rs 100 to Rs 5,425 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 April delivery rose Rs 100 or 1.84 per cent to Rs 5,425 per 10 quintals with an open interest of 725 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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.