Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices rose on the National Commodity and Derivatives Exchange due to firm spot market trends and limited supplies.
New Delhi, May 10 (PTI) Guar seed prices on Friday rose Rs 5 to Rs 5,368 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 May delivery rose Rs 5 or 0.09 per cent to Rs 5,368 per 10 quintals with an open interest of 12,225 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 May delivery rose Rs 5 or 0.09 per cent to Rs 5,368 per 10 quintals with an open interest of 12,225 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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