Guar seed prices on rise
Guar seed prices on Tuesday rose by Rs 12 to Rs 4,060 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.
On the National Commodity and Derivatives Exchange, guar seed for December contracts rose by Rs 12, or 0.30, to Rs 4,060 per 10 quintal with an open interest of 41,550 lots.
Similarly, guar seed for January delivery gained Rs 2, or 0.05 per cent, to Rs 4,084 per 10 quintal with an open interest lots of 56,205.
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