Guar Seed Futures Rise on Spot Demand - PTI
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Guar seed futures prices climbed on the National Commodity and Derivatives Exchange due to strong spot market demand and speculative buying.
New Delhi, May 27 (PTI) Guar seed prices on Tuesday climbed Rs 11 to Rs 5,133 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 Rs 11 or 0.21 per cent to Rs 5,133 per quintal with an open interest of 52,065 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 Rs 11 or 0.21 per cent to Rs 5,133 per quintal with an open interest of 52,065 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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