Guar Seed Futures Rise on Spot Demand
Guar seed futures prices increased on Monday due to strong spot market demand and speculation. Learn more about guar seed futures trading.
New Delhi, Feb 10 (PTI) Guar seed prices on Monday rose Rs 2 to Rs 5,334 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 5,334 per quintal with an open interest of 54,745 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 5,334 per quintal with an open interest of 54,745 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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