Guar seed futures rise on fresh bets

·1-min read

New Delhi, Feb 9 (PTI) Guar seed prices on Tuesday rose by Rs 30 to Rs 3,983 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 30, or 0.76 per cent, to Rs 3,983 per 10 quintal with an open interest of 22,005 lots.

Guar seed for March delivery traded at Rs 4,026, up Rs 29, or 0.73 per cent per 10 quintal with an open interest of 41,655 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 SHW SHW