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. December contracts rise.
New Delhi, Nov 18 (PTI) Guar seed prices on Tuesday increased by Rs 8 to Rs 4,689 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 December delivery rose Rs 8 or 0.17 per cent to Rs 4,689 per quintal with an open interest of 56,145 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 December delivery rose Rs 8 or 0.17 per cent to Rs 4,689 per quintal with an open interest of 56,145 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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