mandi bhav of india

- Advertisement -

Guar seed futures rise on fresh bets

Guar seed prices on Friday rose by Rs 25 to Rs 4,015 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 September contracts increased by Rs 25, or 0.63 per cent, to Rs 4,015 per 10 quintal with an open interest of 3,505 lots.

Similarly, Guar seed for October delivery traded higher by Rs 6, or 0.15 per cent, to Rs 4,038 per 10 quintal with an open interest of 42,615 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