Guar seed futures rise on fresh bets

New Delhi, Jun 5 (PTI) Guar seed prices on Friday rose by Rs 10 to Rs 3,572 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.

On the National Commodity and Derivatives Exchange, guar seed for June contracts increased by Rs 10, or 0.28 per cent, to Rs 3,572 per 10 quintal with an open interest of 22,585 lots.

Guar seed for July delivery traded higher by Rs 14, or 0.39 per cent, to Rs 3,592 per 10 quintal with an open interest of 23,625 lots.  According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.PTI SRS RUJ RUJ