Guar seed futures rise on fresh bets

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New Delhi, Apr 29 (PTI) Guar seed prices on Thursday rose by Rs 9 to Rs 4,064 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend at the spot market.

On the National Commodity and Derivatives Exchange, guar seed for May contracts increased Rs 9, or 0.22 per cent, to Rs 4,064 per 10 quintal with an open interest of 44,670 lots.

According to marketmen, raising of bets by speculators tracking a firm trend in the spot market on thin supplies from growing belts mainly led to rise in guar seed prices here. PTI SHW HRS hrs