Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator activity, firm spot market trends, and thin supplies. November contracts rose to Rs 4,974.
New Delhi, Oct 17 (PTI) Guar seed prices on Friday increased Rs 22 to Rs 4,974 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 22 or 0.44 per cent to Rs 4,974 per quintal with an open interest of 49,125 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 22 or 0.44 per cent to Rs 4,974 per quintal with an open interest of 49,125 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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