Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to speculator positions, spot market strength, and thin supplies. November contracts rose.
New Delhi, Oct 29 (PTI) Guar seed prices on Wednesday increased Rs 2 to Rs 4,830 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 2 or 0.04 per cent to Rs 4,830 per quintal with an open interest of 42,625 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 2 or 0.04 per cent to Rs 4,830 per quintal with an open interest of 42,625 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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