Guar Seed Futures Surge on Spot Demand - PTI
Guar seed futures prices climbed on Friday, fueled by speculator activity and a strong spot market. Learn more about the factors driving the increase.
New Delhi, Mar 7 (PTI) Guar seed prices on Friday climbed Rs 7 to Rs 5,296 per quintal in the futures trade after speculators increased their positions amid a firm trend in the spot market.
On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery increased Rs 7 or 0.13 per cent to Rs 5,296 per quintal with an open interest of 45,600 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 April delivery increased Rs 7 or 0.13 per cent to Rs 5,296 per quintal with an open interest of 45,600 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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