New Delhi, Nov 15 (PTI) Guar seed prices on Wednesday increased Rs 119 to Rs 5,590 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.

On the National Commodity and Derivatives Exchange, guar seed contracts for November delivery rose Rs 119 or 2.13 per cent to Rs 5,590 per 10 quintals with an open interest of 640 lots.

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