Guar Seed Futures Rise on Spot Demand - PTI
Guar seed futures prices rose on Tuesday on the National Commodity and Derivatives Exchange (NCDEX) due to firm spot market trends and thin supplies.
New Delhi, May 14 (PTI) Guar seed prices on Tuesday rose Rs 33 to Rs 5,438 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 33 or 0.61 per cent to Rs 5,438 per 10 quintals with an open interest of 1,125 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 33 or 0.61 per cent to Rs 5,438 per 10 quintals with an open interest of 1,125 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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