Guar seed futures rise

Guar seed prices rose 1.31 per cent to Rs 4,170.50 per quintal in futures trade today following widening of positions by traders on upbeat physical market sentiment.

Market players said investors were creating positions on the back of strong demand from guar gum makers amid thin supplies from growing regions in spot markets, which led to the uptrend in guar seed futures prices.

At the National Commodity and Derivatives Exchange, guar seed delivery for May contract was higher by Rs 54, or 1.31 per cent, to Rs 4,170.50 per quintal with an open interest of 1,27,250 lots.

The delivery of the immediate month contract also gained by Rs 34, or 0.83 per cent, to Rs 4,145 per quintal with an open interest of 1,120 lots