Guar seed futures rise on fresh bets

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New Delhi, Mar 23 (PTI) Guar seed prices on Tuesday rose by Rs 11 to Rs 3,788 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 April contracts increased by Rs 11, or 0.29 per cent, to Rs 3,788 per 10 quintal with an open interest of 45,520 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.

Guar seed for May delivery traded at Rs 3,850, up Rs 10, or 0.26 per cent per 10 quintal with an open interest of 9,325 lots. PTI SRS SHW SHW