Guar seed futures prices surged on the National Commodity and Derivatives Exchange due to strong spot market demand and limited supply from growing areas.
New Delhi, Dec 21 (PTI) Guar seed prices on Thursday grew Rs 84 to Rs 5,328 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 January delivery rose Rs 84 or 1.58 per cent to Rs 5,328 per 10 quintals with an open interest of 68,240 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.
Home » Market News » Guar Seed Futures Rise on Spot Demand - PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback