Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased in futures trade due to speculators' positions, spot market trend, and thin supplies.
New Delhi, Dec 9 (PTI) Guar seed prices on Tuesday increased Rs 91 to Rs 4,884 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 91 or 1.86 per cent to Rs 4,884 per quintal with an open interest of 56,310lots.
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 91 or 1.86 per cent to Rs 4,884 per quintal with an open interest of 56,310lots.
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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