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. November contracts rose Rs 37.
New Delhi, Oct 16 (PTI) Guar seed prices on Thursday increased Rs 37 to Rs 4,969 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 37 or 0.74 per cent to Rs 4,969 per quintal with an open interest of 50,200 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 37 or 0.74 per cent to Rs 4,969 per quintal with an open interest of 50,200 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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