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Guar seed futures rise on fresh bets

Mar 2, 2020, 12:22 IST

PTI

New Delhi, Mar 2 () Guar seed prices on Monday rose by Rs 50 to Rs 3,710 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for March contracts increased by Rs 50, or 1.37 per cent, to Rs 3,710 per 10 quintal with an open interest of 46,410 lots.

Similarly, guar seed for April delivery gained Rs 50, or 1.36 per cent, to Rs 3,728 per 10 quintal with an open interest of 42,355 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 SHWSHW

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