Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices surged on the National Commodity and Derivatives Exchange (NCDEX) due to strong spot demand and increased speculative activity.
New Delhi, Feb 1 (PTI) Guar seed prices on Saturday rose Rs 27 to Rs 5,363 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 27 or 0.50 per cent to Rs 5,363 per quintal with an open interest of 38,060 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 27 or 0.50 per cent to Rs 5,363 per quintal with an open interest of 38,060 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.
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