Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased on July 24th due to increased spot market demand and speculator activity. See the latest market trends.
New Delhi, Jul 24 (PTI) Guar seed prices on Thursday increased Rs 2 to Rs 5,262 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 August delivery rose Rs 2 or 0.04 per cent to Rs 5,262 per quintal with an open interest of 41,620 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 August delivery rose Rs 2 or 0.04 per cent to Rs 5,262 per quintal with an open interest of 41,620 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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