Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures gained on Wednesday, rising Rs 4 to Rs 5,535 per 10 quintals due to increased speculation and firm spot market demand.
New Delhi, May 22 (PTI) Guar seed prices on Wednesday rose Rs 4 to Rs 5,535 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 4 or 0.07 per cent to Rs 5,535 per 10 quintals with an open interest of 55,865 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 June delivery rose Rs 4 or 0.07 per cent to Rs 5,535 per 10 quintals with an open interest of 55,865 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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