Guar seed futures prices climbed on the National Commodity and Derivatives Exchange due to strong spot market demand and limited supplies.
New Delhi, May 23 (PTI) Guar seed prices on Thursday rose Rs 16 to Rs 5,530 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 16 or 0.29 per cent to Rs 5,530 per 10 quintals with an open interest of 52,015 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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