Guar Seed Futures Rise on Spot Demand
Guar seed futures gained on Monday due to increased speculator activity and strong demand in the spot market. Prices rose to Rs 5,443 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Jan 13 (PTI) Guar seed prices on Monday rose Rs 13 to Rs 5,443 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 13 or 0.24 per cent to Rs 5,443 per quintal with an open interest of 73,230 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 February delivery increased Rs 13 or 0.24 per cent to Rs 5,443 per quintal with an open interest of 73,230 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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