Guar seed futures rise on spot demand

Guar seed futures rise on spot demand
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New Delhi, Nov 20 (PTI) Guar seed prices on Monday increased Rs 4 to Rs 5,786 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 December delivery rose Rs 4 or 0.07 per cent to Rs 5,786 per 10 quintals with an open interest of 76,670 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

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