Guar seed futures rise on fresh bets

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New Delhi, Mar 18 (PTI) Guar seed prices on Thursday rose by Rs 4 to Rs 3,855 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 April delivery traded higher by Rs 4, or 0.1 per cent, at Rs 3,855 per 10 quintal with an open interest of 51,780 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 RUJ SHW SHW