Guar Seed Futures Rise on Spot Demand
Guar seed futures gained on Thursday due to increased demand in the spot market. Speculators also widened their positions, contributing to the price rise.
New Delhi, Jan 30 (PTI) Guar seed prices on Thursday rose Rs 2 to Rs 5,449 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 March delivery increased Rs 2 or 0.04 per cent to Rs 5,449 per quintal with an open interest of 25,895 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 March delivery increased Rs 2 or 0.04 per cent to Rs 5,449 per quintal with an open interest of 25,895 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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