Guar seed futures rise on fresh bets

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New Delhi, Mar 12 (PTI) Guar seed prices on Friday rose by Rs 23 to Rs 3,812 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 prices for March contracts increased by Rs 23, or 0.61 per cent, to Rs 3,812 per 10 quintal with an open interest of 10,780 lots.

Guar seed for April delivery traded higher by similar margins at Rs 3,875 per 10 quintal with an open interest of 46,095 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 the rise in guar seed prices here. PTI SRS RUJ RUJ