Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices climbed on Wednesday due to strong spot market demand and increased speculation. Read more about the factors driving the price increase.
New Delhi, May 14 (PTI) Guar seed prices on Wednesday climbed Rs 7 to Rs 5,147 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 June delivery increased Rs 7 or 0.14 per cent to Rs 5,147 per quintal with an open interest of 56,235 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 June delivery increased Rs 7 or 0.14 per cent to Rs 5,147 per quintal with an open interest of 56,235 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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