Guar Seed Futures Rise on Spot Demand
Guar seed futures prices rose on Friday due to increased spot demand and tight supplies. Speculators raised bets on the National Commodity and Derivatives Exchange, pushing prices higher.
New Delhi, Feb 2 (PTI) Guar seed prices on Friday rose Rs 15 to Rs 5,365 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery rose Rs 15, or 0.28 per cent, to Rs 5,365 per 10 quintals with an open interest of 43,790 lots.
According to marketmen, speculators raised bets, tracking 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 March delivery rose Rs 15, or 0.28 per cent, to Rs 5,365 per 10 quintals with an open interest of 43,790 lots.
According to marketmen, speculators raised bets, tracking 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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