Guar seed futures gain on spot demand

On
Guar seed futures gain on spot demand

 Guar seed prices on Monday rose Rs 2 to Rs 5,187 per quintal in the futures trade after speculators widened their positions amid a firm trend in the spot market.

 Guar seed prices on Monday rose Rs 2 to Rs 5,187 per quintal in the futures trade after speculators widened their positions amid a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seedcontracts for December delivery increased Rs 2 or 0.04 per cent to Rs 5,187 per quintal with an open interest of 57,340 lots.

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

Guar seed futures gain on spot demand

Guar seed futures gain on spot demand