Guar Seed Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Jan 10, 2025 13:24
Guar seed futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to increased speculative activity and strong demand in the spot market.
New Delhi, Jan 10 (PTI) Guar seed prices on Friday rose Rs 23 to Rs 5,429 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 February delivery increased Rs 23 or 0.42 per cent to Rs 5,429 per quintal with an open interest of 71,330 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 February delivery increased Rs 23 or 0.42 per cent to Rs 5,429 per quintal with an open interest of 71,330 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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