mandi bhav of india

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Guar seed futures rise on fresh bets

Guar seed prices on Monday rose by Rs 11 to Rs 4,041 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 October contracts increased by Rs 11, or 0.27 per cent, to Rs 4,041 per 10 quintal with an open interest of 44,065 lots.

Similarly, Guar seed for November delivery traded higher by Rs 24, or 0.59 per cent, to Rs 4,068 per 10 quintal with an open interest of 7,895 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