Guar seed futures prices climbed on Thursday, driven by strong spot market demand and speculation. Learn more about the factors influencing guar seed prices.
New Delhi, Sep 12 (PTI) Guar seed prices on Thursday rose Rs 27 to Rs 5,261 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 grew Rs 27 or 0.51 per cent to Rs 5,261 per quintal with an open interest of 15,195 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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback