Guar Seed Futures Rise on Spot Demand
Guar seed futures prices rose on Tuesday due to strong spot market demand and thin supplies from growing areas.
New Delhi, Feb 27 (PTI) Guar seed prices on Tuesday rose Rs 29 to Rs 5,325 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 29, or 0.54 per cent, to Rs 5,325 per 10 quintals with an open interest of 63,600 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 29, or 0.54 per cent, to Rs 5,325 per 10 quintals with an open interest of 63,600 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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