Guar Seed Futures Rise on Spot Demand
By Rediff Money Desk, New Delhi Dec 17, 2024 14:12
Guar seed futures prices gained on the National Commodity and Derivatives Exchange (NCDEX) due to strong spot market demand and increased speculation.
New Delhi, Dec 17 (PTI) Guar seed prices on Tuesday rose Rs 14 to Rs 5,088 per quintal in the futures trade after speculators widened their positions amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery increased Rs 14 or 0.26 per cent to Rs 5,088 per quintal with an open interest of 68,175 lots.
According to marketmen, speculators raising bets, 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 increased Rs 14 or 0.26 per cent to Rs 5,088 per quintal with an open interest of 68,175 lots.
According to marketmen, speculators raising bets, a firm trend in the spot market and thin supplies from growing belts mainly led to the rise in guar seed prices.
Source: PTI
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