Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator activity and firm spot market trends. October contracts rose on NCDEX.
New Delhi, Sep 24 (PTI) Guar seed prices on Wednesday increased Rs 6 to Rs 4,950 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 6 or 0.12 per cent to Rs 4,950 per quintal with an open interest of 46,105 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 6 or 0.12 per cent to Rs 4,950 per quintal with an open interest of 46,105 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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