Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increase due to speculator positions, spot market trend, and thin supplies. November contracts rise.
New Delhi, Oct 8 (PTI) Guar seed prices on Wednesday increased Rs 66 to Rs 4,817 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 November delivery rose Rs 66 or 1.37 per cent to Rs 4,817 per quintal with an open interest of 41,380 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 November delivery rose Rs 66 or 1.37 per cent to Rs 4,817 per quintal with an open interest of 41,380 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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