Guar seed futures rise on fresh bets

·1-min read

New Delhi, Apr 27 (PTI) Guar seed prices on Tuesday rose by Rs 15 to Rs 4,074 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 May contracts increased by Rs 15, or 0.37 per cent, to Rs 4,074 per 10 quintal with an open interest of 48,620 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 June delivery traded at Rs 4,144, up Rs 16, or 0.39 per cent per 10 quintal with an open interest of 18,345 lots. PTI SRS SHW SHW