Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices rose on the National Commodity and Derivatives Exchange (NCDEX) on Friday, fueled by strong spot market demand and limited supply.
New Delhi, Sep 6 (PTI) Guar seed prices on Friday rose Rs 5 to Rs 5,419 per quintal in futures trade after speculators widened their positions amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for October delivery rose Rs 5 or 0.09 per cent to Rs 5,419 per quintal with an open interest of 34,905 lots.
According to marketmen, speculators raised bets, 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 October delivery rose Rs 5 or 0.09 per cent to Rs 5,419 per quintal with an open interest of 34,905 lots.
According to marketmen, speculators raised bets, 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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