Guar Seed Futures Rise on Spot Demand
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Guar seed futures prices increased due to firm spot market trend, speculators' positions, and thin supplies. January contracts rose to Rs 5,100.
New Delhi, Dec 15 (PTI) Guar seed prices on Monday increased by Rs 91 to Rs 5,100 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 1.78 per cent to Rs 5,100 per quintal with an open interest of 57,545 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 91 or 1.78 per cent to Rs 5,100 per quintal with an open interest of 57,545 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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