Guar Seed Futures Surge on Spot Demand
Dec 28, 2023 15:37
Guar seed futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot market demand and thin supplies.
New Delhi, Dec 28 (PTI) Guar seed prices on Thursday climbed Rs 37 to Rs 5,509 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 January delivery rose Rs 37 or 0.67 per cent to Rs 5,509 per 10 quintals with an open interest of 55,440 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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