Guar Seed Futures Rise on Spot Demand - PTI
By Rediff Money Desk, NEWDELHI Jan 12, 2024 15:19
Guar seed futures prices rose on Friday due to increased demand in the spot market and tight supplies. Speculators raised their positions, pushing prices up by Rs 5 per 10 quintals.
New Delhi, Jan 12 (PTI) Guar seed prices on Friday rose Rs 5 to Rs 5,395 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 5 or 0.30 per cent to Rs 5,395 per 10 quintals with an open interest of 9,870 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.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery rose Rs 5 or 0.30 per cent to Rs 5,395 per 10 quintals with an open interest of 9,870 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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