Guar seed futures rise on fresh bets

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New Delhi, Feb 12 (PTI) Guar seed prices on Friday rose by Rs 7 to Rs 3,916 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 7, or 0.18 per cent, to Rs 3,916 per 10 quintal with an open interest of 9,660 lots.

Guar seed for March delivery traded at Rs 3,962, up Rs 6, or 0.15 per cent per 10 quintal with an open interest of 50,590 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