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Guar Seed Futures Rise on Spot Demand

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By Rediff Money Desk, New Delhi   Dec 26, 2024 13:21

Guar seed futures prices rose on Thursday due to strong spot market demand and increased speculation. The January contract gained Rs 8 to Rs 5,268 per quintal.
New Delhi, Dec 26 (PTI) Guar seed prices on Thursday rose Rs 8 to Rs 5,268 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 8 or 0.15 per cent to Rs 5,268 per quintal with an open interest of 62,555 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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