Guar Seed Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Dec 27, 2024 13:16
Guar seed futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to increased speculation and a firm trend in the spot market.
New Delhi, Dec 27 (PTI) Guar seed prices on Friday rose Rs 2 to Rs 5,284 per quintal in the 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 January delivery increased Rs 2 or 0.04 per cent to Rs 5,284 per quintal with an open interest of 61,645 lots.
According to marketmen, speculators raising 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 January delivery increased Rs 2 or 0.04 per cent to Rs 5,284 per quintal with an open interest of 61,645 lots.
According to marketmen, speculators raising bets, a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.
Source: PTI
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