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Guar Seed Futures Rise on Spot Demand

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By Rediff Money Desk, New Delhi   Jan 09, 2025 13:40

Guar seed futures gained on Thursday due to strong spot demand, driven by speculators' increased positions and tight supply.
New Delhi, Jan 9 (PTI) Guar seed prices on Thursday rose Rs 9 to Rs 5,391 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 February delivery increased Rs 9 or 0.17 per cent to Rs 5,391 per quintal with an open interest of 66,255 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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