Guar Seed Futures Surge on Spot Demand - PTI
Guar seed futures prices rose on Thursday due to strong spot market demand and limited supply from growing regions. Speculators increased their positions, driving prices up.
New Delhi, Mar 27 (PTI) Guar seed prices on Thursday climbed Rs 16 to Rs 5,327 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 April delivery appreciated by Rs 16 or 0.30 per cent to Rs 5,327 per quintal with an open interest of 44,680 lots.
According to marketmen, speculators raised bets amid a firm trend in the spot market and thin supplies from growing belts, leading to the rise in guar seed prices.
On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery appreciated by Rs 16 or 0.30 per cent to Rs 5,327 per quintal with an open interest of 44,680 lots.
According to marketmen, speculators raised bets amid a firm trend in the spot market and thin supplies from growing belts, leading to the rise in guar seed prices.
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