Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator positions, spot market trend, and thin supplies. October contracts rose to Rs 5,042.
New Delhi, Sep 22 (PTI) Guar seed prices on Monday increased Rs 11 to Rs 5,042 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 11 or 0.22 per cent to Rs 5,042 per quintal with an open interest of 49,745 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 11 or 0.22 per cent to Rs 5,042 per quintal with an open interest of 49,745 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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