Guar seed futures prices rose on the National Commodity and Derivatives Exchange, driven by strong spot demand and thin supplies. Read more about the market trends.
New Delhi, May 13 (PTI) Guar seed prices on Monday rose Rs 81 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 May delivery rose Rs 81 or 1.51 per cent to Rs 5,365 per 10 quintals with an open interest of 6,185 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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