Guar Seed Futures Rise on Spot Demand
Guar seed futures prices gained on Tuesday, driven by increased speculator activity and strong demand in the spot market. Prices rose to Rs 5,336 per quintal.
New Delhi, Mar 25 (PTI) Guar seed prices on Tuesday climbed Rs 2 to Rs 5,336 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 2 or 0.04 per cent to Rs 5,336 per quintal with an open interest of 57,595 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 2 or 0.04 per cent to Rs 5,336 per quintal with an open interest of 57,595 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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