Guar Seed Futures Rise on Spot Demand - PTI
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Guar seed futures prices climbed on Tuesday, driven by strong spot market demand and increased speculation. The rise was also attributed to tight supplies from growing regions.
New Delhi, May 20 (PTI) Guar seed prices on Tuesday increased by Rs 33 to Rs 5,193 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 June delivery increased by Rs 33 or 0.64 per cent to Rs 5,193 per quintal with an open interest of 60,050 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 June delivery increased by Rs 33 or 0.64 per cent to Rs 5,193 per quintal with an open interest of 60,050 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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