Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices climbed on Thursday due to strong spot market demand and increased speculation. The April contract gained Rs 9 to Rs 5,278 per quintal on the NCDEX.
New Delhi, Mar 6 (PTI) Guar seed prices on Thursday climbed Rs 9 to Rs 5,278 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 April delivery increased Rs 9 or 0.17 per cent to Rs 5,278 per quintal with an open interest of 43,890 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 April delivery increased Rs 9 or 0.17 per cent to Rs 5,278 per quintal with an open interest of 43,890 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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