Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices climbed on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot market trends and increased speculative activity.
New Delhi, Mar 13 (PTI) Guar seed prices on Thursday climbed Rs 4 to Rs 5,301 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 4 or 0.08 per cent to Rs 5,301 per quintal with an open interest of 58,530 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 4 or 0.08 per cent to Rs 5,301 per quintal with an open interest of 58,530 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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