Guar seed futures rise on fresh bets

New Delhi,  Guar seed prices on Wednesday rose by Rs 362 to Rs 6,410 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 362, or 5.99 per cent, to Rs 6,410 per 10 quintal with an open interest of 61,780 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