mandi bhav of india

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Guar seed futures rise on fresh bets

New Delhi,  Guar seed prices on Wednesday rose by Rs 46 to Rs 3,965 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 December contracts increased by Rs 46, or 1.17 per cent, to Rs 3,965 per 10 quintal with an open interest of 50,530 lots.

Similarly, guar seed for January delivery traded higher by Rs 44, or 1.11 per cent, to Rs 4,010 per 10 quintal with an open interest of 13,900 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