mandi bhav of india

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Guar seed futures rise on fresh bets

New Delhi,  Guar seed prices on Tuesday rose by Rs 18 to Rs 4,162 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 June contracts increased by Rs 18, or 0.43 per cent, to Rs 4,162 per 10 quintal with an open interest of 59,500 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