Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices climbed on the National Commodity and Derivatives Exchange due to strong spot market demand and increased speculation.
New Delhi, Apr 11 (PTI) Guar seed prices on Friday climbed Rs 27 to Rs 5,291 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 May delivery increased Rs 27 or 0.51 per cent to Rs 5,291 per quintal with an open interest of 56,345 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 May delivery increased Rs 27 or 0.51 per cent to Rs 5,291 per quintal with an open interest of 56,345 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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