Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices rose on Tuesday due to increased speculation and a firm trend in the spot market. Speculators raised bets, driven by thin supplies from growing areas.
New Delhi, Feb 11 (PTI) Guar seed prices on Tuesday rose Rs 5 to Rs 5,331 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 March delivery increased Rs 5 or 0.09 per cent to Rs 5,331 per quintal with an open interest of 56,490 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 March delivery increased Rs 5 or 0.09 per cent to Rs 5,331 per quintal with an open interest of 56,490 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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