Guar Seed Futures Rise on Spot Demand - PTI
Guar seed prices surged in futures trade on Tuesday, fueled by strong spot market demand and limited supplies. Speculators increased their positions, leading to a price rise.
New Delhi, May 21 (PTI) Guar seed prices on Tuesday rose Rs 6 to Rs 5,502 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 May delivery rose Rs 6 or 0.11 per cent to Rs 5,502 per 10 quintals with an open interest of 58,975 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.
On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery rose Rs 6 or 0.11 per cent to Rs 5,502 per 10 quintals with an open interest of 58,975 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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