Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increase due to speculator activity and firm spot market trends. November contracts rise on NCDEX.
New Delhi, Oct 15 (PTI) Guar seed prices on Wednesday increased Rs 32 to Rs 4,963 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 32 or 0.64 per cent to Rs 4,963 per quintal with an open interest of 49,665 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 32 or 0.64 per cent to Rs 4,963 per quintal with an open interest of 49,665 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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