Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator positions, spot market strength, and thin supplies. October contracts rose.
New Delhi, Sep 11 (PTI) Guar seed prices on Thursday increased Rs 16 to Rs 5,112 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 October delivery rose Rs 16 or 0.31 per cent to Rs 5,112 per quintal with an open interest of 47,175 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 October delivery rose Rs 16 or 0.31 per cent to Rs 5,112 per quintal with an open interest of 47,175 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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