Guar Seed Futures Rise on Spot Demand
Guar seed futures prices increase due to firm spot market trend, speculator activity, and thin supplies. January contracts rise.
New Delhi, Dec 4 (PTI) Guar seed prices on Thursday increased Rs 5 to Rs 4,887 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 January delivery rose Rs 5 or 0.10 per cent to Rs 4,887 per quintal with an open interest of 46,110 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 January delivery rose Rs 5 or 0.10 per cent to Rs 4,887 per quintal with an open interest of 46,110 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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