Guar seed futures rise on fresh bets

New Delhi,  Guar seed prices on Thursday rose Rs42 to Rs 5,990.0 per  quintals in the futures trade after speculators increased their positions driven by a firm trend at the spot market. On the National Commodity and Derivatives

Exchange, guar seed for March contracts increased Rs 42, or 0.76 per cent, to Rs 5,990.0 per  quintals with an open interest of 40,110 lots.

According to marketmen, raising of bets by speculators tracking a firm trend in the spot market on thin supplies from growing belts mainly led to a rise in guar seed prices here.

Mandibhav