Guar Seed Futures Surge on Spot Demand
Guar seed futures prices rose on Monday due to strong spot market demand and speculation. Prices increased by Rs 40 to Rs 5,309 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Mar 17 (PTI) Guar seed prices on Monday climbed Rs 40 to Rs 5,309 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 increased Rs 40 or 0.75 per cent to Rs 5,309 per quintal with an open interest of 63,605 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 40 or 0.75 per cent to Rs 5,309 per quintal with an open interest of 63,605 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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