mandi bhav of india

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Guar seed futures rise on fresh bets

Guar seed prices on Tuesday rose by Rs 35 to Rs 4,001 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 August contracts increased by Rs 35, or 0.88 per cent, to Rs 4,001 per 10 quintal with an open interest of 16,375 lots.

Similarly, Guar seed for September delivery traded higher by Rs 42, or 1.05 per cent, to Rs 4,052 per 10 quintal with an open interest of 21,255 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