Guar Seed Futures Rise on Spot Demand
Guar seed futures prices climbed on Tuesday due to strong spot demand and increased speculation. The rise was attributed to tight supplies and a firm trend in the spot market.
New Delhi, Mar 18 (PTI) Guar seed prices on Tuesday climbed Rs 25 to Rs 5,410 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 April delivery increased Rs 25 or 0.46 per cent to Rs 5,410 per quintal with an open interest of 67,275 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 April delivery increased Rs 25 or 0.46 per cent to Rs 5,410 per quintal with an open interest of 67,275 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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