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Guar seed futures rise on fresh bets

New Delhi,Guar seed prices on Friday rose by Rs 65 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 65, or 1.67 per cent, to Rs 3,965 per 10 quintal with an open interest of 46,870 lots.

Similarly, guar seed for January delivery traded higher by Rs 67, or 1.7 per cent, to Rs 4,015 per 10 quintal with an open interest of 18,155 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 the rise in guar seed prices here. PTI