Guar Seed Futures Rise on Spot Demand
Guar seed futures prices rose on Tuesday due to firm spot market demand and increased speculation. The March contract gained Re 1 to Rs 5,366 per quintal.
New Delhi, Feb 18 (PTI) Guar seed prices on Tuesday rose Re 1 to Rs 5,366 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 Re 1 or 0.02 per cent to Rs 5,366 per quintal with an open interest of 64,685 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 Re 1 or 0.02 per cent to Rs 5,366 per quintal with an open interest of 64,685 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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