Guar seed futures prices surged on the National Commodity and Derivatives Exchange due to strong spot market demand and tight supplies. Learn more about the market trends.
New Delhi, Dec 22 (PTI) Guar seed prices on Friday increased Rs 105 to Rs 5,427 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 105 or 1.93 per cent to Rs 5,427 per 10 quintals with an open interest of 63,665 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
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