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Guar seed futures rise on fresh bets

New Delhi,  Guar seed prices on Tuesday rose by Rs 32 to Rs 4,145 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 May contracts increased by Rs 32, or 0.78 per cent, to Rs 4,145 per 10 quintal with an open interest of 55,895 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.

Guar seed for June delivery traded at Rs 4,208, up Rs 26, or 0.62 per cent per 10 quintal with an open interest of 8,240 lots. PTI