Guar seed futures prices climbed on Thursday due to strong spot demand and thin supplies from growing regions. Speculators increased their positions, driving up prices.
New Delhi, Dec 14 (PTI) Guar seed prices on Thursday climbed Rs 33 to Rs 5,449 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery rose Rs 33 or 0.61 per cent to Rs 5,449 per 10 quintals with an open interest of 5,660 lots.
According to marketmen, speculators raised bets, tracking 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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