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Guar seed futures gain on fresh bets

Jan 29, 2020, 13:33 IST

PTI

New Delhi, Jan 29 () Guar seed prices on Wednesday rose by Rs 8 to Rs 3,980 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 February contracts rose by Rs 8, or 0.2 per cent, to Rs 3,980 per 10 quintal with an open interest of 72,125 lots.

Similarly, guar seed for March delivery gained Rs 6 to Rs 4,024 per 10 quintal with an open interest of 20,595 lots.

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. VHP RUJ RUJ

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