Guar Seed Futures Rise on Spot Demand
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.
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.
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